2. 
is a very important feature in
economy. In a barter economy,
people can only save goods, which
may spoil or to be stolen. But money
economies have mechanisms in a
place for people to save.

4. 1.
Money - This is a means of
currency. You can exchange
money for a product or a service.
2.
Income - This is the money you
receive from your work or profits
or interests from your businesses.

5. 3.
Saving – This is the act of putting
aside a part of the disposable
income for the future use. While
savings is the money put aside.

7. 
By saving, you will have money to
get when you need it in the future.

By saving, you earn some
more, even if it is just a small
amount.

By saving, you can help people with
their business startups and other
money needs.

9. 
Have a plan or budget for your
money coming in.

The budget should apportion a
certain amount as savings.

You may open a savings account
with a bank with the first P1,000 or
P5,000 you have accumulated.

10.  In
economics, means businesses
spending for the production and
accumulation of capital goods
and additions to inventories such
as new plants, machinery, etc.

12. 1.
Interest – This is the money that
you will lend money to others
given a certain period.
2.
Compounding - This is the
process whereby the interest you
earn also earns money for you.

13. 3.
Inflation – This is the general
increase in the prices of products
and services. It is important to
always be aware of the inflation
rate.

15. Choosing where to invest is
always a question of how much you
would want to invest and what risks
you are willing to take. Here are
some ways to invest your money.

16. 
Bank Accounts – You can invest
your money in the bank through
savings account, which earns up
to 4% interest per year, and
where you can easily withdraw
your money.

17. 
Treasury bills - are bonds issued
by the government for the
purpose of acquiring money for
its projects.

18. 
Mutual Funds – These are collection
of stocks or bonds, which pooled by
an investment manager to be
invested in companies that they
believe will provide them with
necessary returns.

19. 
Commodities – These include
anything that you can buy and then
sell, such as
silver, jewelry, food, cars, and
collectibles.

Real Estate – Properties such as
land, house, apartment, or buildings
are part of real estate.

21. Any country has a labor
force, which consists of persons
fifteen years old and older, but who
are not incapacitated or are in
institutions, who are employed or
seeking employment.

22. A primary economic objective of
any government is full employment,
which means putting people where
they can gainfully work.

23. 
Employment rate – is the
percentage of the labor force
who is currently employed.

Unemployment rate – is the
percentage of the labor force
who is not currently employed.

24. 
Underemployment rate – means
the employment of workers with
high skills and abilities in low
wage and low earning jobs

25. Current statistics shows that the
employment rate in the Philippines is at
91.9%, which is about 32.4 million people
employed; unemployment rate is at
8.1%, comprising 2.8 million people; and
underemployment rate is at
21.3%, which is about 6.9 million workers.

27. In economics, the national income
and output are measured to
determine the total value of goods
and services produced in an
economy.

28.  is
the total and final output of
land, labor, capital, and
entrepreneurial ability produced
by the country’s citizens, whether
these are produced inside the
country or abroad.

29. Top 4 countries in terms of GNP
Country
GNP
1. United States
$ 12.1 billion
2. United Kingdom
$ 2.0 billion
3. Germany
$ 1.9 billion
4. Japan
$ 1.9 billion

30. 
Comprises the value of total goods
and services produced within the
boundaries of a country, whether
these are produced by the citizens of
that country or by foreigners.

31. Top 4 countries in terms of GDP
Country
GDP
1. United States
$ 11.6 billion
2. Japan
$ 4.6 billion
3. Germany
$ 2.7 billion
4. United Kingdom
$ 2.1 billion

33. 
Expenditures Approach – The
estimates of all types of spending on
goods and services by
households, businesses, government,
and by the people outside a
country are all added up.

34. 
Income Approach – The sum of the
estimates of all earnings, including
total wages and salaries, profits, and
incomes from rentals and interest is
arrived at.

35. 
Output or Product Approach – The
sum of all output of all individuals
and organizations producing goods
and services is added with the costs
for raw materials and depreciation
subtracted.

37. 1.
It enables us to keep track of the
economy, including the level of
production in a given period of time.
2.
It allows us to look at an economy’s
performance over a long period of
time.

38. 3.
It provides lawmakers and
government policymakers with a
basis on which to base their
economic policies and legislation
that would promote the betterment
of the economy of the country.

39. While national incomes are just
estimates, they still provide people
with information by which to base
how their economy is growing,
which they may use for their
personal decisions.