10 Questions
In national development, production is used as a measure because it doesn't impact the kind and value of products and services in the market.
False
The increase in population of a country does not influence the need for higher production levels to cater to citizen's needs and wants.
False
Workers' productivity has no effect on the overall level of production in a country.
False
The private sector does not contribute to the development of a nation through setting up businesses and providing quality products and services.
False
It is not the government's responsibility to set policies on commerce, wage, and ownership in order to contribute to national development.
False
The Gross Domestic Product (GDP) is not an appropriate measurement of the level of productivity of a country.
False
The Philippines is not rich with natural resources like flora, fauna, and minerals.
False
Labor does not play a vital role in the development of a nation.
False
Capital is not necessary for smooth and efficient production.
False
Using a gas oven in baking bread is slower than using coal according to the text.
False
Explore the indicators of national development according to economist Mankiw (2012). Learn about how production capacity, quality of production, and population growth contribute to measuring a country's development.
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