To Compare the Price of a Loaf of Bread Produced

question 265

Multiple Choice

To compare the price of a loaf of bread produced in 1993 with the price of a loaf produced in this year,you should compare the value of the bread in

• A)real prices.
• B)nominal prices.
• C)real quantity.
• D)nominal quantity.
• E)CPI quantity.

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Definitions:

Assets

Resources owned or controlled by a business, expected to bring future economic benefits.

Liabilities

Liabilities or monetary duties a firm has towards outside entities.

Revenues

The overall income earned from transactions of goods or services central to a business's core functions.

Operating Revenues

The income earned from a company's main business operations, excluding income from investments or secondary sources.