Social MC Flashcards
(28 cards)
He is a French economist who believed in the importance of nature in the economic development
Francois Quesnay
Income that is not used for present time or needs
Savings
It owns the factors of production and consumer of the finish goods and services
Households
Economy examines through its entirety it concerns the aggregate the demand and aggregate supply
Macroeconomics
People save money for the future
They deposit their money in the bank because…..
They believe in the banking institution
It is the accumulation of stocks to be used in the expansion of production in the future
Investment
It is the normal quantity of goods by Business firms for future use
Inventory
The consumer of the factors of production and producer of goods and services
Business firms
The circular flow of goods in services shows the entire economic activity. To balance the economy there should be influence and out flows which is an inflow in the economy?
Income
which of the following is not included in the computation of the GNP?
Final Goods
Intermediate Goods
Inferior Goods
Normal Goods
Normal goods
Real nominal GNP or types of GNP nominal GNP is always higher than real GNP because…..
Production is based on current prices
Government reports that GNP is increasing some people say its sign for the economy to the develop both development can be more evident if……
There is peace and order in the country
Gross national product is one of the indicators that measure the economic performance of country which means it is……
Total market value of all the final goods and services produced in the country for a given period of time
The savings, subsidy, transfer payment, and goods and services rendered are considered…..
Outflow
Which of the following is not an approach to measure GNP?
Factor income
Investment
Final expenditure
Industrial origin
Investment
What is the reason why the government uses GNP to measure?
To measure the numerous commodities produced
Which is not included in the final expenditure approach to GNP measurement?
Net Export
Personal Expenditure
Government Expenditure
Compensation of Employees
Compensation of employees
Which is not included in the factor income approach to GNP measurement
Net Factor Income from Abroad
Government Income
Corporate Income
Entrepreneurial Income
Net Factor Income from Abroad
Demand increase is usually followed by price increase resulting to what kind if inflation?
Demand Pull
Cost-push
Hyperflation
Cost-push
Which of the following statements is if a benefit gained from inflation?
Addition Expenses
Increase if Interest Rate
Increase of Income
Increase of Income
The value of Peso depends on the consumer price index. The real value of Peso compared to the price of commodities of the base year is measured through….
Purchasing Power of Peso
It is the continuing increase in the general price level of commodities
Inflation
What happens if the sectors desire to buy products in services more than the available supply in the market
Demand-Pull
It is a number that compare the price of the present year to the prices of the base year
Price index
