Q-NIA

What approach adds all the expenditures of the end-users of the output in a given year?

• Value Added
• Final Expenditure
• Factor Income
• Industry-Origin

Which refers to the amount of final goods and services produced by Filipinos in a given year?

• GNP
• NIFA
• SDP
• GDP

What is the difference between the earnings of OFW and those of foreigners within the Philippines?

• X-M
• CI
• NIFA
• PI

What will happen to total GNP if there is increase in household D?

• decrease in GNP
• depreciation happens
• increase in GNP
• all of the above

Which is included in the GNP of the country?

• total investment in the country
• income of foreign corporations in the country
• total domestic production
• remittances from OFWs

There is a decrease in total GNP if import exceeds exports.

• True
• False
• NO answer

A rising real GNP means a growing investments and creating more livelihood opportunities.

• False
• True
• No answer

Equilibrium is attained when aggregate supply is equals to aggregate income.

• False
• True
• No answer

GDP includes income earned by foreigners who work in the Philippines.

• False
• True
• No answer

Bonds are certificate given by a private company or government to a creditor.

• False
• True
• No answer