FINAL - SANCTUARIO

The economic growth is measure by GNP.

• TRUE

• FALSE

Variation in the value of goods and services are also use to calculate economic growth.

• FALSE

• TRUE

The increase of population growth is the major factor that is responsible for boosting the economic growth.

• FALSE

• TRUE

Technological advancement can cause decrease in labor employment that can affect the economic growth of a country negatively.

• TRUE

• FALSE

Economic Growth and Economic Development goes hand and hand.

• TRUE

• FALSE

Quality of life is the measurement of economic development.

• FALSE

• TRUE

One of the goal of the government is give free education in order to improve literacy that eventually leads to economic development.

• FALSE

• TRUE

Economic development is independent of the economic growth.

• TRUE

• FALSE

Borrowing money from the world bank is one source of capital formation of the country.

• TRUE

• FALSE

The construction of airport in Bulacan is an example of Infrastructural improvement

• FALSE

• TRUE