Answer each item of the following;

1. Why Macroeconomics is the biggest branch of economics?
2. Is production possibilities frontier the optimum production of the economy?
3. What's the difference between economic growth and economic development?
4. Can you provide us more examples of positive and normative statement applied in macroeconomics?
5. What's with the aggregate demand of the economy?
6. Distinguish the difference between the function of MPS and MPC
7. How does government contribution affect the economy's performance?
8. How does business cycle affect the entire economy?
9. What phase of business cycle, where the economy achieves almost all five goals of macroeconomics?
10. What are the costs of business cycle?
11. How is the economic growth of ASEAN member countries as a whole against that of the rest of the world?
12. How does GDP affect the Philippine economy?
13. What do you think is the current rank of the Philippines in the international competitiveness in terms of GDP performance?
14. Which GDP shortcoming greatly affects or hurt the economy?
15. Can you compute GDP using its different approaches?