jheniegallano

@jheniegallano (2)

Philippines • Age 30

Joined myLot 14 years ago

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jheniegallano's Activity

Economic development or Economic Growth?

socballais @socballais (71) • Philippines 12 Sep 12

Countries around the world benchmark their economic performance by the amount of the Gross National Product (GNP) that they attained. The higher the GNP, the higher is the economic growth. Is economic growth equated with economic...

59 responses

jheniegallano in my own opinion economic development because it is the progress of a certain economy towards to a higher degree and increase in the capacity of an economy to produce goods and services compared from one period of time.

24 Sep 12

Which comes first Microeconomics or Macroeconomics?

socballais @socballais (71) • Philippines 12 Sep 12

Is it possible to venture into Macroeconomics without studying Microeconomics? Is Microeconomics a prerequisite course before studying Macroeconomics?

60 responses

jheniegallano in my own opinion it is possible to venture macroeconomics without studying microeconomics because macroeconomics is the study of aggregate fluctuations and growth while microeconomics is the study of the economics behavior of small economics units of...

24 Sep 12