Question

This chart shows the gross domestic product of the Philippines after independence. Line graph showing gross domestic product or G D P of the Philippines in billions of U S dollars from 1960 through 2010. In 1960, G D P was near 0. In 1980, G D P was almost 50 billion. In 2000, G D P rose to 100 billion. In 2010, G D P was 200 billion. What can be inferred about the Philippines? It is doing well but is still a poor nation compared with others. It has enjoyed sporadic economic success since the 1960s. It was a struggling nation but has achieved economic stability. It is now one of the wealthiest nations in the world.

Answer 1

According to the description in the graph, we can say that the Philippines was a nation with difficulties, but it achieved economic stability, as shown in the penultimate answer option.

We can arrive at this answer because:

• The GDP reveals the economic wealth of a country.
• As we can see in the graph, the GDP of the Philippines was very low at the beginning of the country, reaching close to zero in 1960.
• This shows that the country's economy was very bad, which created great difficulties for citizens.
• However, we can see that the GDP got bigger and bigger over time, reaching 200 billion dollars in 2010.

A GDP of 200 billion dollars refers to an average wealth economy. This means that the Philippines is not the richest country in the world, but it has a stabilized economy that can promote a standard of living for its inhabitants.

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