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  • Assign 1

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    Irycka Dela Cruz
    5 tayangan3 halaman
    The main measure of how an economy is doing is the behaviour of the gross domestic product (gdp) this is the total market value of all the final goods and services produced within a given period by factors of production located within a country. In the current year, the first quarter showed a decreasing GDP of 4. And it continued to be low utill the second quarter of 2011. However, in the third quarter the GDP grew to 4. Which is a good sign that our economy is at least getting better.

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    The main measure of how an economy is doing is the behaviour of the gross domestic product (gdp) this is the total market value of all the final goods and services produced within a given period by factors of production located within a country. In the current year, the first quarter showed a decreasing GDP of 4. And it continued to be low utill the second quarter of 2011. However, in the third quarter the GDP grew to 4. Which is a good sign that our economy is at least getting better.

    Hak Cipta:

    Attribution Non-Commercial (BY-NC)
    Unduh sebagai DOCX, PDF, TXT atau baca online dari Scribd
    Tandai sebagai konten tidak pantas
    5 tayangan3 halaman

    Assign 1

    Diunggah oleh

    Irycka Dela Cruz
    The main measure of how an economy is doing is the behaviour of the gross domestic product (gdp) this is the total market value of all the final goods and services produced within a given period by factors of production located within a country. In the current year, the first quarter showed a decreasing GDP of 4. And it continued to be low utill the second quarter of 2011. However, in the third quarter the GDP grew to 4. Which is a good sign that our economy is at least getting better.

    Hak Cipta:

    Attribution Non-Commercial (BY-NC)
    Unduh sebagai DOCX, PDF, TXT atau baca online dari Scribd
    Tandai sebagai konten tidak pantas
    dari 3

    Mary Irycka R.

    Dela Cruz ECO31

    Assignment November 21, 2011

    TRENDS IN GDP, UNEMPLOYMENT RATE AND INFLATION RATE

    REAL GDP GROWTH RATE


    8 7 6 5 4 3 2 1 0 2000 7.6 6.7 4.4 3.6 2.9 1.1 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 Q1 Q2 Q3 5 4.8 5.2 4.2 6.6 4.6 3.4 4.9

    The main measure of how an economy is doing is the behaviour of the gross domestic product (GDP). This is the total market value of all the final goods and services produced within a given period by factors of production located within a country. Looking at the graph above, you can see that we have the lowest GDP in the year 2009 which is caused by global financial crisis. But then in the year 2010, the economy showed clear signs of recovery as GDP grew up to 7.6. In the current year, the first quarter showed a decreasing GDP of 4.6 and it continued to be low till the second quarter of 2011. However, in the third quarter the GDP grew to 4.9 which is a good sign that our economy is at least getting better.

    Page 1 of 3

    UNEMPLOYMENT RATE
    14 12 10 8 6 4 2 0
    2000 11.2 11.1 11.4 11.4 11.8 11.35 8 7.3 7.4 7.5 7.33 7.4 7.2 7.1

    2011 Q1

    2001

    2002

    2003

    2004

    2005

    2006

    2007

    2008

    2009

    2010

    Q2

    Unemployment rate is a key indicator of the economys health. This is the percentage of the labor force that is unemployed. As you can see in the graph above, we have the highest unemployment rate in the year 2005 with the percentage of 11.8% and the lowest unemployment rate was on the third quarter of 2011 which has 7.1%. You can also see that in the current year from the first quarter up to the third quarter, the unemployment rate is decreasing. Moreover, it is expected that it will continue to decrease as President Aquino said in his State of the Nation Address this year that there will be more jobs available and solve job mismatch.

    INFLATION RATE
    9 8 7 6 5 4 3 2 1 0
    4 3 4.1 3.5 2.9 4.5 3.8 6.8 6 6.2 5 4.9 8.3 7.6

    Q2

    Q3

    2000

    2001

    2002

    2003

    2004

    2005

    2006

    2007

    2008

    2009

    2010

    2011 Q1

    Q3 Page 2 of 3

    The inflation rate is a measure of inflation which is the increase in the overall price level. As you can see in the graph, we have the highest inflation rate in the year 2008 which has 8.3%. This is the time when the Philippines experienced the lingering effects of the food and fuel crisis in the said year due to the global economic crisis. In the months after the peak of the food and fuel crisis, the impact of the global economic crisis began to be seen, exposing even more Filipinos to economic shocks. The graph also shows that the inflation rate is unstable like in the current year; it increased in the first quarter till the second quarter but then it decreased a little by the next quarter by .01.

    REFERENCES: o http://www.bsp.gov.ph/ o Principles of Economics

    o http://www.aseansec.org

    Page 3 of 3

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