Pattern of Philippine Expenditures

When Corazon Aquino started her term, the real GNP Growth Rate was negative.

• TRUE

• FALSE

Health sector was a sorely neglected area during 1980 to 1190.

• FALSE

• TRUE

One of the top five priorities of the 2023 NEP is the Defense Sector.

• FALSE

• TRUE

The Centennial Expo was constructed for the 100th anniversary of the Philippine Declaration of Independence.

• TRUE

• FALSE

During 1992 to 1997, the social sector received a significant budget increase of 32.7% in 1997.

• FALSE

• TRUE

The Social Reform Program is not the main program during Fidel Ramos' Administration.

• TRUE

• FALSE

Musgrave’s hypothesis is based on the Wiseman-Peacock Hypothesis, which observes the changing role of the public sector during the development process.

• TRUE

• FALSE

Wiseman-Peacock Hypothesis founded their analysis on public expenditures with the help of the Wagner’s Law.

• TRUE

• FALSE

Wagner’s Law postulated that as per capital income and output increase in developing countries, the public sectors would also grow as proportion to total economic activity.

• FALSE

• TRUE

Governments can produce and purchase goods and services through public spending.

• TRUE

• FALSE