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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.

Principles of Economics 2e
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter21: Unemployment
Section: Chapter Questions
Problem 29RQ: What type of unemployment (cyclical, frictional, or structural) applies to each of the following:...
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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 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. 

 

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: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.
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.
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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