Author Question: A firm's accounting profit is measured as A) operating expenses minus revenue. B) revenue minus ... (Read 176 times)

mikaylakyoung · **on:** Jun 29, 2018

A firm's accounting profit is measured as

A) operating expenses minus revenue.
B) revenue minus operating expenses and taxes paid.
C) revenue plus operating expenses minus taxes paid.
D) net worth minus economic profit.

Question 2

The ________ is a measure of the price level and is calculated by dividing ________ by ________ and multiplying by 100.

A) CPI; real GDP; nominal GDP
B) PPI; nominal GDP; real GDP
C) PPI; real GDP; nominal GDP
D) GDP deflator; nominal GDP; real GDP
E) GDP deflator; real GDP; nominal GDP