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Social MC Flashcards

1
Q

He is a French economist who believed in the importance of nature in the economic development

A

Francois Quesnay

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2
Q

Income that is not used for present time or needs

A

Savings

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3
Q

It owns the factors of production and consumer of the finish goods and services

A

Households

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4
Q

Economy examines through its entirety it concerns the aggregate the demand and aggregate supply

A

Macroeconomics

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5
Q

People save money for the future
They deposit their money in the bank because…..

A

They believe in the banking institution

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6
Q

It is the accumulation of stocks to be used in the expansion of production in the future

A

Investment

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7
Q

It is the normal quantity of goods by Business firms for future use

A

Inventory

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8
Q

The consumer of the factors of production and producer of goods and services

A

Business firms

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9
Q

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?

A

Income

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10
Q

which of the following is not included in the computation of the GNP?

Final Goods
Intermediate Goods
Inferior Goods
Normal Goods

A

Normal goods

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11
Q

Real nominal GNP or types of GNP nominal GNP is always higher than real GNP because…..

A

Production is based on current prices

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12
Q

Government reports that GNP is increasing some people say its sign for the economy to the develop both development can be more evident if……

A

There is peace and order in the country

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13
Q

Gross national product is one of the indicators that measure the economic performance of country which means it is……

A

Total market value of all the final goods and services produced in the country for a given period of time

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14
Q

The savings, subsidy, transfer payment, and goods and services rendered are considered…..

A

Outflow

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15
Q

Which of the following is not an approach to measure GNP?

Factor income
Investment
Final expenditure
Industrial origin

A

Investment

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16
Q

What is the reason why the government uses GNP to measure?

A

To measure the numerous commodities produced

17
Q

Which is not included in the final expenditure approach to GNP measurement?

Net Export
Personal Expenditure
Government Expenditure
Compensation of Employees

A

Compensation of employees

18
Q

Which is not included in the factor income approach to GNP measurement

Net Factor Income from Abroad
Government Income
Corporate Income
Entrepreneurial Income

A

Net Factor Income from Abroad

19
Q

Demand increase is usually followed by price increase resulting to what kind if inflation?

Demand Pull
Cost-push
Hyperflation

A

Cost-push

20
Q

Which of the following statements is if a benefit gained from inflation?

Addition Expenses
Increase if Interest Rate
Increase of Income

A

Increase of Income

21
Q

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….

A

Purchasing Power of Peso

22
Q

It is the continuing increase in the general price level of commodities

A

Inflation

23
Q

What happens if the sectors desire to buy products in services more than the available supply in the market

A

Demand-Pull

24
Q

It is a number that compare the price of the present year to the prices of the base year

A

Price index

25
Q

It is the quantity of goods to be produced and distributed by Business sectors

A

Aggregate supply

26
Q

The amount of money needed to purchase the basic commodities which is necessary to survive

A

Cost of living

27
Q

Which of the following does the contribute to the price increase?

Cartel
Foreign Debt
Consumers Preference

A

Consumers preference

28
Q

It is the formula to measure PPP

A

100 / CPI

Social (3 decks)

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