Author Question: Economic profit equals accounting profit minus: a. explicit costs. b. implicit costs. c. fixed ... (Read 364 times)

SO00 · **on:** Jun 30, 2018

Economic profit equals accounting profit minus:
a. explicit costs.
b. implicit costs.
c. fixed costs.
d. variable costs.

Question 2

Which of the following economic measures is most useful in comparing different economies across the world?
a. Aggregate supply
b. Total unemployment
c. Gross domestic product
d. Net national product
e. Aggregate expenditure