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Is it possible to have the "label" size change with the polygon size?

Question asked by RC123 on Jan 21, 2016
Latest reply on Jan 22, 2016 by RC123

I have a topo map with various polygons representing lakes.  The label applied from the name field of the attribute table is the same size for each lake whether the lake is huge or tiny.  Is it possible to make the label automatically change size to match the polygon?  Maybe the label could be a percentage of the polygon size?