Podcast
Questions and Answers
What is the formula for calculating Gross Domestic Product (GDP)?
What is the formula for calculating Gross Domestic Product (GDP)?
- C - I + G - (X + M) + SD
- C + I + G - (X - M) + SD
- C - I - G + (X + M) + SD
- C + I + G + (X - M) + SD (correct)
What is the term for the income earned by Filipinos abroad minus the income earned by foreigners in the Philippines?
What is the term for the income earned by Filipinos abroad minus the income earned by foreigners in the Philippines?
- Gross Domestic Product (GDP)
- Statistical Discrepancy (SD)
- Net Factor Income from Abroad (NFIA) (correct)
- Gross National Income (GNI)
Which of the following is NOT a component of Gross National Income (GNI)?
Which of the following is NOT a component of Gross National Income (GNI)?
- Government Expenditures
- Investment
- Statistical Discrepancy (correct)
- Personal Consumption Expenditure
What is the term for the value of goods and services produced within a country, minus the value of goods and services imported?
What is the term for the value of goods and services produced within a country, minus the value of goods and services imported?
Which sector of the Philippine economy includes expenditures by households on goods and services?
Which sector of the Philippine economy includes expenditures by households on goods and services?
What is the term for the value of goods and services produced within a country, without considering income earned abroad?
What is the term for the value of goods and services produced within a country, without considering income earned abroad?
What does a high GDP not necessarily mean?
What does a high GDP not necessarily mean?
What is not included in the calculation of GDP?
What is not included in the calculation of GDP?
What is the difference between GDP and GNI?
What is the difference between GDP and GNI?
What is the Expenditure Approach used to calculate?
What is the Expenditure Approach used to calculate?
What is the main concept of the Circular Flow of Economy?
What is the main concept of the Circular Flow of Economy?
What is the Industrial Origin Approach used for?
What is the Industrial Origin Approach used for?
What is the formula for calculating Gross Domestic Product (GDP) according to the Industrial Origin Approach?
What is the formula for calculating Gross Domestic Product (GDP) according to the Industrial Origin Approach?
Which of the following is NOT a sector of the Philippine economy?
Which of the following is NOT a sector of the Philippine economy?
What is the difference between Gross Domestic Product (GDP) and Gross National Income (GNI)?
What is the difference between Gross Domestic Product (GDP) and Gross National Income (GNI)?
What is the source of the data presented in the table?
What is the source of the data presented in the table?
What is the unit of measurement used in the table?
What is the unit of measurement used in the table?
What is the period covered by the data in the table?
What is the period covered by the data in the table?
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