Quiz no. 1 Applied Economics

Philippine inflation rate rose to 8.1% in December 2022.

• MICROECONOMICS

• MACROECONOMICS

A 340-billion deficit in the Philippine budget is expected in the year 2015.

• MICROECONOMICS

• MACROECONOMICS

Prices of Toyota vehicles are predicted to go up in December.

• Microeconomics

• Macroeconomics

Garlic prices in the past months have risen because producers hoarded their supplies in their bodegas.

• Microeconomics

• Macroeconomics

Unemployment rate has dropped because of the increase in the number of OFW's.

• Microeconomics

• Macroeconomics

In the past year, Coca-Cola was named the fastest selling product in the market.

• Microeconomics

• Macroeconomics

Rental on land could not be increased by landowners because of the Rent Control Law.

• Microeconomics

• Macroeconomics

Prices of apples and grapes tend to increase during the Christmas season.

• Microeconomics

• Macroeconomics

The Philippine economy grew at the rate of 5.8% in 2013.

• Microeconomics

• Macroeconomics

Philippine congress passed the Value Added tax law to strengthen the Philippines tax system.

• Microeconomics

• Macroeconomics