Civics

Study of the whole economy

• MACROECONOMICS

• MICROECONOMICS

ability of peso to buy goods and services

• Purchasing power of peso [PPP]

• CPI

• Fiscal policy

relationship between the increase in saving and income

• MPS

• APS

• APC

• MPC

imposed by the government on people and firms to have funds to finance their programs and change behavior of consumer.

• Money

• National dept

• Taxes

Creation of nation budget

Who are affected by inflation

relationship between saving and income

• Saving functions

• APS

• MPS

Causes of inflation

Principles of taxation

placed value of the product at each stage of production Aquino

• tax

• Value-added tax