CPED 1

Question 1

As of April 2024, the total national debt of the Philippines is:

A. Php 13.04 trillion

B. Php 14.01 trillion

C. Php 15.02 trillion

D. Php 16.00 trillion

Answer 1

C. Php 15.02 trillion

Question 2

The debt-to-GDP ratio of the Philippines as of April 2024 is:

A. 55%

B. 60%

C. 62%

D. 65%

Answer 2

C. 62%

Question 3

Which of the following describes the Kondratiev wave in the economic cycle?

A. Cycle based on infrastructure investments lasting 15–25 years

B. Inventory cycle of 3–5 years

C. Technological cycle lasting 45–60 years

D. Fixed investment cycle lasting 7–11 years

Answer 3

C. Technological cycle lasting 45–60 years

Question 4

According to Karl Seidman, economic development is:

A. A rise in GDP per capita

B. Growth of exports and imports

C. Creating and using assets to improve shared economic well-being

D. Limiting foreign investment to build local industries

Answer 4

C. Creating and using assets to improve shared economic well-being

Question 5

The Kuznets swing refers to:

A. Inventory and production changes

B. Long-term technological shifts

C. Infrastructure investment cycles

D. Government taxation policies

Answer 5

C. Infrastructure investment cycles

Question 6

Poverty incidence in the Philippines lower in 2023 due to:

A. Excessive government spending

B. Collapse of the banking system

C. Various factors including OFW remittances and consumption changes

D. Increase in natural disasters

Answer 6

C. Various factors including OFW remittances and consumption changes

Question 7

According to Karl Marx, political economy is:

A. Focused only on modern capitalist economies

B. A science of unchanging laws

C. Essentially a historical science

D. About maximizing government revenue

Answer 7

C. Essentially a historical science

Question 8

The Juglar cycle in the economic cycle typically spans:

A. 3–5 years

B. 7–11 years

C. 15–25 years

D. 45–60 years

Answer 8

B. 7–11 years

Question 9

Which of the following crises happened in 1973?

A. ASEAN Financial Crisis

B. Oil/Energy Crisis

C. Great Depression

D. Global Financial Crisis

Answer 9

B. Oil/Energy Crisis

Question 10

What is the estimated debt per Filipino as of April 2024?

A. Php 100,000

B. Php 123,000

C. Php 133,604

D. Php 150,000

Answer 10

C. Php 133,604

Question 11

The development concept that “meets the needs of the present without compromising future generations.”

Answer 11

Sustainable development

Question 12

Type of economic cycle based on inventory movements, lasting 3–5 years.

Answer 12

Kitchen cycle

Question 13

A rise in material well-being that includes social, political, and cultural transformation.

Answer 13

Economic development

Question 14

Political economy scholar who emphasized the historical nature of production and exchange.

Answer 14

Karl Marx

Question 15

The percentage of Filipino families living in poverty in 2023.

Answer 15

22.4%

Question 16

List three factors that influence poverty trends in the Philippines

Answer 16

Government support programs

Shifts in consumption patterns

Remittances from overseas Filipino workers (OFWs)

Question 17

Enumerate the four phases of the economic cycle.

Answer 17

Expansion

Peak

Contraction

Recovery

Question 18

Give the four major economic crises mentioned in the text.

Answer 18

1929 Great Depression

1973 Oil/Energy Crisis

1997 ASEAN Financial Crisis

2008 Global Financial Crisis

Question 19

Four Types of Economic Cycles

Answer 19

Kitchin cycle (3–5 years)

Juglar cycle (7–11 years)

Kuznets swing (15–25 years)

Kondratiev wave (45–60 years)

Question 20

Three Aspects (besides economic) in Material Progress

Answer 20

Social

Cultural

Political