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In at least three well composed paragraphs, please describe the effect that changes in business taxes, personal income, and transfer payments have on a country’s gross domestic product (GDP).


. As a rental for a building, the owner received two offers:

(A) P50000 a year for 8 years, the rental for each year paid at the start of the year

(B) P30000 the first year, P40000 the second year, P50000 the third year, and P60000 for

the next 5 years with all rentals paid at the beginning of each year.


what is cross elasticity of demand explain its type with figure.
list and discuss the two main factors of economic growth in terms of the production possibility frontier
How much is 100,000 pesos worth in three years if deposited in a continuously compounded account with a nominal interest rate of 3%. Determine also its effective rate in one year period compounded; a) daily (on leap year), b) monthly, c) bi-monthly d) quarterly (Note: Answer must be in percentage and in four decimal places.
Q 1 Do you agree with the view that 1) international comparisons of India are as important as 2) within India comparisons? Give reasons to substantiate your answer.

Describe definition of term development with strength and weakness of each approach


Given that a firm produces helmets at quantity 4 at P 120/pc with total cost amounting to P 250, compute for the total profit: *

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What are the supply schedule and the supply curve, and how are they related? Why does the supply curve slope upward ?



The distribution of marks scored by college students is shown below:


Marks No. of students


0-20 45


20-30 21


30-50 15


50-60 10


60-90 5


90-100 2



i) Draw a histogram and comment on it's shape


ii) Calculate the mean and median


What proportion of students score less than 60 marks and what proportion scores between 50 to 80 marks.