NAME: ____________________________________________________________ SCORE: ____________

1. What is the difference between GNP and GDP?

2. What happens Philippine peso devaluates?

3. What is the effect of inflation to Philippine economy?

4. What are the differences between a credit card and a debit card?

5. Why can’t government just ask the BSP to print more money?
6. What is the function of money in the economy?
7. Why do some LGU’s charge big amounts for permits?

8. What happens if Philippines does not join the ASEAN?

9.

What is the role of ASEAN?