Holy Spirit School High School Department FOURTH QUARTER EXAMINATION SOCIAL STUDIES IV ECONOMICS

Given lessons on A.)Taxation and B.) Sectors of the Economy, the students are expected to: I. A and B identify the concept being referred to in the statements by choosing the letter of the correct answer; II. A. distinguish the effect of the situations in column A by choosing the letter that corresponds to the correct answer; III. A. solve for the values required in each item; B. use the learning acquired in order to come up with a course of action depending on whose role is to be taken IV. A. distinguish whether the statements are true of false; V. A. rearrange the letters in order to come up with a sensible word; and VI. A. express their priority with regards to being the commissioner or head or secretary of the institutions listed.

Prepared by:

FELIX ARARAO Social Studies Teacher

Checked by immediate head:

Checked by Principal:

MRS. ZENAIDA G. PIQUERO

MRS. VIRGILIA A. FUDOLIG

Holy Spirit School High School Department FOURTH QUARTER EXAMINATION SOCIAL STUDIES IV ECONOMICS GENERAL INSTRUCTION: Read each item carefully and write your answers on the separate sheet provided. I. MULTIPLE CHOICE A. Choose the letter of the correct answer from the box below. A. Community Tax B. Direct Tax C. Excise Tax D. Income Tax E. Indirect Tax F. Property Tax G. Regressive Tax H. Regulatory Tax I. Tariff J. Value Added Tax

1. Refers to the tax paid by every inhabitant of the Philippines over 18 years of age who has been regularly employed for at least 30 consecutive days. 2. Imposed to persons who are expected to pay tax. 3. Imposed on the value of the products and services consumed by individuals 4. Anti-poor form of tax 5. Levied on all citizens and companies that have income. 6. Imposed on all products produced and sold in the country. 7. A burden to wholesale and retail businesses each time they bring products from abroad. 8. Imposed on persons with assets whether acquired, inherited, or donated based on market value. B. Choose the letter of the correct answer. 9. Referred to as the backbone of the economy of developing countries a. Agriculture c. Aquaculture b. Agro-tourism d. Industries 10. The following are the groupings of our countrys agricultural products, EXCEPT a. Cereal crops c. Minor crops b. Major crops d. Primary crops 11. The following are the components of our countrys agricultural sector, EXCEPT a. Fishery c. Poultry b. Forestry d. Farming 12. It is considered as the art and science of cultivating animals and plants a. Agriculture c. Industry b. Horticulture d. Livestock 13. An industrial activity which deals with fabricating buildings, plants, etc. a. Construction c. Manufacturing b. Infrastructures d. Mining 14. This problem of agriculture have caused so much destruction to our forests a. Deforestation c. Pollution b. Global warming d. Soil Erosion 15. This program aims to support progress and development in the rural communities by promoting growth and rural empowerment and developing the skillfulness and expertise of local folks to become efficient a. Agrarian Reform c. CARL b. CARP d. Land Reform 16. A piece of land awarded to those select few who rendered services the king of Spain a. Bandala c. Fief b. Encomienda d. Umahan 17. Causes of the slow implementation of CARP a. Documentation concerns c. Opposition from landowners b. Insufficient funding d. Intensifying leasehold operations

18. The prime mover for enacting laws to resolve agrarian problems a. Ferdinand Marcos c. Manuel Quezon b. Manuel Roxas d. Ramon Magsaysay 19. Refers to the transformation of raw materials into finished products through the use of machines a. Industrialization c. Production b. Manufacturing d. Construction 20. Agriculture and industry shares the following importance to the economy EXCEPT a. Source of earnings in foreign trade c. Source of livelihood b. Source of funding d. Source of resources II. CAUSE AND EFFECT. Match the cause in column A to the Effect in column B. Write the letter of the correct answer. COLUMN A (CAUSES) 1. All government corporations are privatized 2. Income from casinos are increasing 3. Tax for all commodities increase 4. Consumers shoulder the tax imposed on various products by the businessmen 5. Many subdivisions are constructed 6. Imported fruits and vegetables are being sold everywhere 7. Pollution of the river 8. Land Reform is not implemented 9. Traditional methods used in farming 10. Lack of storage facilities 11. Landowners lack capital for agricultural activities 12. Farmers are nor educated 13. Diseases are widespread 14. Substandard quality of roads and bridges 15. New tax reform was implemented COLUMN B (EFFECTS) More funds for the government Negative reactions from the people Additional burden for the consumers Lesser income for the government People will suffer more off poverty Fish kill is affecting the livelihood of the fisher folk Low productivity of farmers Livestock became spoiled There is rice shortage in the country Lack of technical-know-how to use the modern machines Easily dilapidated which caused the transport of agricultural products delayed They will sell their lands to have cash money Farmers are not motivated to increase production Local products are difficult to sell Animals will be affected and eventually die

A. B. C. D. E. F. G. H. I. J. K. L. M. N. O.

III.

APPLICATION

A. Computation. Find the tax payable. (6 pts) 1. Marcus is a freelance architect earning Php30,500.00 monthly. He married Eloise two years ago and is blessed with 2 kids. The couple is living with Eloises parents who are already senior citizens. How much is Marcus annual tax payable granting Eloise waived her claim for exemption for their kids? 2. Juanita earns Php 16,300.00 monthly as an English tutor to Koreans. How much is her annual obligation to BIR? B. Integration. If you were given an opportunity to change how things go in terms of agrarian reform in the Philippines nowadays, what would you do? (9 pts) 3. As President IV. 1. 2. 3. 4. 5. 6. 7. 8. 4. As Farmer 5. As Landowner

TRUE/FALSE. Analyze each statement carefully. Write T if the statement is true and F if it is false. Improvements in technology can increase the productivity of the resources used. The countries are dependent on both agriculture and industry for their exports. Liberalization of trade promotes consumer welfare with lower prices and globally competitive goods. The Board of Investments acts as coordinating agency for trade. Technology can replace human labor. Agriculture can exist separately from industrial sector. As the productivity of the agricultural sector increases, labor sector in the sector of industry increases. Nationalization of trade has only negative effects on the ordinary Filipinos.

9. With the liberalization of trade, the government intends to make the Philippines a country of food importers instead of food exporters. 10. It will take a long time before the machines could produce different products through the use of machines. 11. The growth of the countrys economy is determined largely by the growth of the industrial sector. V. SYNTHESIS. Rearrange the following jumbled letters in order to come up with a sensible word.

1. ITPOVI RNAI ZTA selling of government-owned corporations to the private sector 2. MIATOULNILTAN enterprises which branch out to many parts of the world to have a bigger market 3. AANCRUFT MUGNI the mechanical or chemical transformation of inorganic substances into new products 4. ITASSVSTIE TAPURONT TRZAI government entity tasked of disposal of government assets 5. GHELE TROMA an alternative source of energy 6. RIDNIL USITAN ZATOI transformation of raw materials into finished products through the use of machines 7. MIINNG sector which has been the top foreign exchange earner VI. EVALUATION. Suppose you are the Commissioner or Head or Secretary of the following institutions, what would be your priority so that your office could contribute in upholding the welfare of the Filipino people? Philippine Ports Authority Technical Education and Skills Development Authority Local Water Utilities Administration Government Service and Insurance System National Telecommunications Commission Department of Trade and Industry Department of Transportation and Communication

1. 2. 3. 4. 5. 6. 7.

Good luck! Be honest even if: OTHERS are not, cannot, will not.

HOLY SPIRIT SCHOOL SECOND QUARTER TEST SOCIAL STUDIES IV ECONOMICS NAME: __________________________ I. MULTIPLE CHOICE A. 1. __________ 2. __________ 3. __________ 4. __________ 5. __________ 6. __________ 7. __________ 8. __________ III. APPLICATION B. 9. __________ 10. __________ 11. __________ 12. __________ 13. __________ 14. __________ 15. __________ 16. __________ 17. __________ 18. __________ YEAR/SECTION: __________ 19. __________ 20. __________ II. MATCHING TYPE 21. __________ 22. __________ 23. __________ 24. __________ 25. __________ 26. __________

SCORE

DATE: _________ 27. __________ 28. __________ 29. __________ 30. __________ 31. __________ 32. __________ 33. __________ 34. __________ 35. __________

A. COMPUTATION 1.

2.

B. INTEGRATION 3. President

4. Farmer

5. Landowner

IV. TRUE/FALSE 1. ______ 2. ______ 3. ______ 4. ______ V. 1. 2. 3. 4. 5. 6. 7. SYNTHESIS __________________ __________________ __________________ __________________ __________________ __________________ __________________

5. 6. 7. 8.

______ ______ ______ ______ VI. 1. 2. 3. 4. 5. 6. 7.

9. ______ 10. ______ 11. ______

EVALUATION ____________________________________ ____________________________________ ____________________________________ ____________________________________ ____________________________________ ____________________________________ ____________________________________

I.

A. A B J G D C I F B. 9. A 10. D 11. D 1. 2. 3. 4. 5. 6. 7. 8. A. Problem Solving 1.

ANSWER KEY 12. A/B 13. A 14. A 15. B 16. B 17. D 18. B 19. A 20. B II. 21. D 22. A 23. C

24. E 25. L 26. N 27. I 28. M 29. G 30. H 31. I 32. J 33. O 34. K 35. B

III.

2.

B. 1. President

2. Farmer

3. Landowner

IV. 1. T 2. F 3. T 4. F 5. F 6. F 7. T 8. F 9. T 10. T VI. 1. 2. 3. 4. 5. 6. 7. V.

11. T

1. 2. 3. 4. 5. 6. 7.

Privatization Multinational Manufacturing Asset Privatization Trust Geothermal Industrialization Mining

Constructs and modernizes ports Develop skills of middle class workers Accelerates countryside water supply Implements programs for the welfare of government workers Supervises and controls all telecommunication services Promotes growth of enterprises and strengthens trade both in domestic and international trade Maintains, expands, and modernizes an efficient and dependable transportations and communication system