PPT Aralin 12 (G-9 Zeus)

What does the circular flow of the economy represent?

It is a representation of economic transactions and interactions within the economy.

What are the two structures of the market mentioned?

Ganap na Kompetisyon at Hindi Ganap na Kompetisyon.

What is Makroekonomiks concerned with?

It studies the overall dimensions of the economy, including GNP, GDP, inflation, and fiscal policy.

What does GNP stand for and what does it represent?

Gross National Product; it is the total value of goods and services produced by a country in a year.

What is the role of the household in the economy?

Households create and consume products.

What are the factors of production?

Labor, land, and capital.

Why is government important in the circular flow of the economy?

It maintains peace and promotes economic growth.

What role do financial institutions play in relation to entrepreneurs?

They help by providing loans and managing savings.

How can the economy’s health be maintained?

Through sustainable financial practices and government intervention.

What is the importance of saving in a national economy?

Savings provide funds for investments, which can promote economic growth.

What is the impact of spending income on the economy?

It stimulates economic activity and growth.

What are the main sectors involved in the circular flow model?

Household, businesses, government, and external sector.

What is the significance of import and export in the economic model?

They involve trade and financial transactions with other countries, impacting the economy's circulation.

How do government policies affect economic transactions?

They establish rules and regulations that influence how various economic actors interact.

What are the implications of the balanced economy concept?

It refers to a stable economy where all sectors work harmoniously to promote growth.

What is meant by 'transfer payments'?

Payments made by the government to individuals without any goods or services being received in return.