The document presents data on the gross national product of a country using the expenditure approach and the production approach, breaking down GNP into various components such as personal consumption, government consumption, exports, imports, and sectors such as industry, services, and agriculture. It also discusses limitations in measuring national income and how to compute changes in GNP using constant prices versus current prices.

1. GNP APPROACHES [email_address]

2. 3,491,134 GROSS NATIONAL PRODUCT 188,545 Net factor income from abroad 3,302,589 GROSS DOMESTIC PRODUCT -247,271 6. Statistical Discrepancy 1,656,879 5. Less: Imports 1,859,441 4. Exports -7,309 B. Increase in Stocks 44,915 c. Breeding Stocks & Orchard Dev’t. 271,349 b. Durable Equipment 280,380 a. Construction 596,644 A. Fixed Capital 589,335 3. Capital Information 422,428 2. Government Consumption 2,335,535 1. Personal Consumption Expenditure GROSS NATIONAL PRODUCT AT CURRENT PRICE (In million pesos) 2000 EXPENDITURE APPROACH

4. Limitations of National Income 1.Illicit Traffic in Prohibited Drugs 2.Drug Preparations 3.Prostitution 4.Smuggling 5.Services produced through certain activities that does not appear in the market 6.Valuation of goods and services

6. COMPUTING CHANGE USING CONSTANT PRICE 20 P 360,000 30,000 units 12 1998 25 P 300,000 25,000 units 12 1997 - P 240,000 20,000 units 12 1996 PERCENT CHANGE VALUE USING 1996 PRICE QUANTITY 1996 PRICES YEAR

7. COMPUTING THE PRICE INDEX 150 18 / 12 X 100 1998 125 15 / 12 X 100 1997 100 12 / 12 X 100 1996 BASE YEAR PRICE CURRENT PRICE / PRICE INDEX YEAR

8. 20 P 360, 000 150 P 540,000 1998 25 P 300, 000 125 P 375,000 1997 - P 240, 000 100 P 240,000 1996 PERCENT CHANGE REAL OUTPUT PESOS PRICE INDEX VALUE CURRENT PRICE YEAR COMPUTING PERCENT REAL CHANGE BY USING THE PRICE INDEX

9. Four Stages of Man’s Life on Earth