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BM (P7)

Authored by Quirante, Erika

Other

1st Grade

Used 8+ times

BM (P7)
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31 questions

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1.

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1 min • 1 pt

In determining the capabilities of an economy, the national income level is used as a basis.

2.

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1 min • 1 pt

Is a measure of the total flow of goods and services produced by the economy over a particular time period.

3.

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1 min • 1 pt

Refers to the difference between the value of goods produced and the cost of materials and supplies used in producing them.

4.

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1 min • 1 pt

This is the difference between the income earned by citizens who own resources used in the production process abroad and the income of foreigners who own resources used in the production process here in the Philippines.

5.

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1 min • 1 pt

income from abroad.

6.

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1 min • 1 pt

Refers to the current price of goods and services produced in the economy.

7.

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1 min • 1 pt

Defined as a measure of the money value of the total flow of goods and services produced in an economy over a specified period of time.

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