1st Reporter
It is the shortage of supply.
Scarcity
It is the process of sending products to other countries.
Exportation
It is the period of unemployed status of a person
Employment Gap
They are also known as modern heroes or "Bagong Bayani" because of their sacrifices and contribution to the economy.
OFWs
These two things contribute to the demand factor of economics.
Needs and wants
It is the percentage of population with certain number of people who belong to poor.
Poverty Rate
How many ways to mitigate poverty were mentioned?
13
It is an advantage of OFW Remittance where the family could enhance their standard of living.
Lifestyle improves
If both the supply and demand are low, what is the effect on the price?
Nothing/Status Quo
In the formula of Gross Domestic Product in macro perspective, Y = C + I + G + NX, the NX stands for...?
Net Exports
What is the formula for Poverty Rate?
(Number of Poverty Family/Number of Families in the Country) x 100
There are two types of foreign investment. What are they?
1. Foreign Direct Investment
2. Foreign Indirect Investment