Republic of the Philippines

Department of Education
MIMAROPA Region
Division of Occidental Mindoro
Ligaya National High School-Senior High School
Philippine Politics and Governance
Summative test 1- Quarter 1

Name :______________________________
Date:_____________
Section :_____________________________ Score:____________

INSTRUCTIONS: Determine if the following topics will fall under micro economics or macro economics. If
the answer is microeconomics, write MIC, and if it is macroeconomics, write MAC.

1. The inflation rate in the Philippines in the last quarter was 4.8%.
2. A Php340 billion deficit in the Philippine budget is expected in the year 2015.
3. Prices of Toyota vehicles are predicted to go up in December.
4. Garlic prices in the past months has risen because producers hoarded their supplies in their
bodegas.
5. The unemployment rate has dropped because of the increase in the number of OFW.
6. In the past year, Coca- Cola was named the fastest selling product in the market.
7. Landowners cannot increase rental on land because of the rent Control law.
8. The prices of apples and grapes tend to increase during the Christmas season.
9. The Philippines economy grew at rate of 5.8% in 2013.
10. Philippine congress passed the value added tax law to strengthen the Philippine tax system.

II. Describe what type of economic system is characterized

______1. Prices are based on demand in supply.

______2. The government decides on what goods should be produced

_____3. Ancient methods are used in deciding what goods to produce.

_____4. People enjoy the freedom of choice in deciding what to buy.

_____5. People enjoy the freedom of choice in deciding what to buy.

_____6. Economy is stagnant, making use of practices used in the olden times.

_____7.Economy is backward because no new technology or production method are introduced.

____8. It is more democratic form of economic system.

____9.Peoples preferences are reflected in the prices they are willing to pay in the market.

____10. It exists in primitive and backward civilizations.

 Republic of the Philippines
Department of Education
MIMAROPA Region
Division of Occidental Mindoro
Ligaya National High School-Senior High School
Philippine Politics and Governance
Summative test 2- Quarter 1

Name :______________________________
Date:_____________
Section :_____________________________ Score:____________

1.