following is most likely the effect of the issue on Philippine Investment climate? The increase in unemployment rate will decrease the taxes paid to the government since many lost their jobs. The government will not be able to have enough income thus GDP would fall. If this happens, foreign investors will be discouraged to put their money into the country. The increase in the unemployment rate reduces the purchasing power of individuals and reduces consumption. O When consumption falls due to lost income, businesses will not create much sales. The economy will have decline in income discouraging foreign investors.
following is most likely the effect of the issue on Philippine Investment climate? The increase in unemployment rate will decrease the taxes paid to the government since many lost their jobs. The government will not be able to have enough income thus GDP would fall. If this happens, foreign investors will be discouraged to put their money into the country. The increase in the unemployment rate reduces the purchasing power of individuals and reduces consumption. O When consumption falls due to lost income, businesses will not create much sales. The economy will have decline in income discouraging foreign investors.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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4.6M Filipinos jobless in July as
Metro Manila (CNN Philippines, September 3)-Some 4.6 million Filipinos were out of
work in July, slipping from an all-time high as lockdown rules were gradually eased, the
Philippine Statistics Authority said Thursday.
The PSA reported a 10 percent unemployment rate among Filipinos aged 15 and up, easing from
17.7 percet in April although still higher than the 5.4 percent level a year ago.
National Statistician Dennis Mapa said in a media briefing that the relaxation of community
quarantine rules allowved more Filipinos to return to work. However, unemployment was worse
in Metro Manila at 15.8 percent or about 929,000 adults, surpassing the national average and
rising from the 12.3 percent share of jobless residents for the region in April.
Calabazon tallied about 886,000 unemployed, while Central Luzon had 552,000 jobless
Filipinos, he added. These economic centers also count among the biggest number of COVID-19
infections in the country.
Transcribed Image Text:Refer to the article: Which of the
following is most likely the effect of
the issue on Philippine Investment
climate?
The increase in unemployment rate will
decrease the taxes paid to the
government since many lost their jobs.
The government will not be able to have
enough income thus GDP would fall. If this
happens, foreign investors will be
discouraged to put their money into the
country.
The increase in the unemployment rate
reduces the purchasing power of
individuals and reduces consumption.
When consumption falls due to lost
income, businesses will not create much
sales. The economy will have decline in
income discouraging foreign investors.
Transcribed Image Text:4.6M Filipinos jobless in July as unemployment worsens in Metro Manila - PSA
Metro Manila (CNN Philippines, September 3) - Some 4.6 million Filipinos were out of
work in July, slipping from an all-time high as lockdown rules were gradually eased, the
Philippine Statistics Authority said Thursday.
The PSA reported a 10 percent unemployment rate among Filipinos aged 15 and up, easing from
17.7 percent in April although still higher than the 5.4 percent level a year ago.
National Statistician Dennis Mapa said in a media briefing that the relaxation of community
quarantine rules allowed more Filipinos to return to work. However, unemployment was worse
in Metro Manila at 15.8 percent or about 929,000 adults, surpassing the national average and
rising from the 12.3 percent share of jobless residents for the region in April.
Calabarzon tallied about 886,000 unemployed, while Central Luzon had 552,000 jobless
Filipinos, he added. These economic centers also count among the biggest number of COVID-19
infections in the country.
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