"Remember that education is a matter of the heart, of which God is the sole master, and we will be unable to achieve anything unless God teaches us, and puts the key in our hands. " Don Bosco COURSE PRE-TEST Direction: Categorize the following items based on the correct sector. AGRICULTURE INDUSTRY SERVICE 1. 1 . 1. 2. 2. 2. 3. 3. 3. 4. 4. 4. 5. 5 . 5. Financial intermediation Transportation Fishing Forestry Construction Mining Manufacturing Real estate Communication Trade Electricity Gas HuntingWhat I Have Learned Identification. 1. It is the primary measure of the total economic value activity of a nation. 2. This measures the actual output of the goods and services produced. 3. The total spending by households on goods and services. This is the total sum of the value of all spending on goods and services in the economy (entire country). 4. Make in new capital or that households make in real estate, homes and others. This is calculated by summing up the spending by all different sectors in the economy. 5. The spending does on public goods. These include those that all of us avails from the goods and services provided by the government. 6. These are products which are manufacture by companies from other countries which are brought going into our country and competes with local products 7. These are locally made products which we sell to the other countries and contributes to the gross national income. 8. Its calculation includes export minus import. 9. What is the leading export product of Philippines that contributed: US$34.7 billion (49.3% of total exports)? 10. Which government agency collected the information on the GDP and GNP of the Philippines? What I Can DoAssessment Choose the letter of the correct answer. 1. What information will you check to ensure whether there is an increase of the economy of the country? A. Net income B. GDP C. Tax D. Business permit 2. How do you call the process where the actual output of the goods and services produced were being measured? A. Expenditure method B. Income method C. Agriculture D. remittances 3. What is the formula used in order to find the GDP of the country for a certain year? A. GDP = X-M-C-G-I C. GDP=C+I+G(X-M) B. GDP= C-I-G-M-X D. GDP=C+I+G+X+M 4. When you were young, your parents decided to purchase house and lot in a subdivision and even after 10 years they are still paying for it. On which category of does it fall? A. Consumption C. Investment B. Expenses D. GNP 5. In this category, the total spending of household and goods and services are counted. A. GDP C. Export goods B. Import goods D. Consumption 6. Building schools requires funding for construction of materials, salary of architects, engineers and skilled construction workers who will build infrastructure. What is this part of GDP that the statement pertains into? A. Tax C. Salary of employees B. Government spending D. Cost of construction supplies 7. In the gross domestic product, the total produce of the country is being counted upon which includes the imported products bought from the country. A. The statement true and is factual. C. It should be GNP B. The statement is false. D. The statement is reconcilable 8. Which method do you need to do to get the gross national product of a country for an annual? A. gross national income C. income method B. gross domestic product D. expenditure approach 9. To improve the economy of the country the people should patronized products which are made locally and refrain from buying products made abroad. What can you say about the statement? A. The statement is truthful C. I don't agree with it. B. The statement is deceptive D. Filipinos should buy imported products. 10 Which of the following company doesn't belong to the group? A. Lamoiyan C. Universal Robina B. San Miguel D. Unilever