A.P-3RD QUARTER

• Tablean Economique - Economic Table
• Franchois Quesnay - Tablean Economique
• Agricultural Sector - Biggest Function
• Structure Functionalism - one of the most important concept in social science
• Directly - Direct consumer
• National Income - The totle monetary value of all services and goods that are produced by a nation during period of time
• Taxation - the fees and financial obligation imposed by government on its resident
• Tax evasion - Illegal non-payment or underpayment of take
• Formal - Registered Company
• Informal - Not Registered but can be part of the sector
• Foreign Debt - Money borrowed by a government from Another Country's Government
• Foreign Aid - Help and Donations
• Foreign Aid - type of assistance that one country voluntary transfer to another
• Collateral - Gold bar, Precious Stone, Resources
• Principal - the amount borrowed while the interest is the free paid to borrow the money
• Income Generating Process - bottle+sell=Fund
• National Income - where and what is the source of our country's money
• National Income - where do we make money
• Gross Domestic Product - Measurement for economic growth and development
• Economic Growth - refers to an increase in this size of Country's Economic over a period of time
• Economic Growth - talking about the income and production
• Economic Development - that seeks to improve the economic well-being and quantity of life for a community
• Economic Development - Where are we going?
• Gross Domestic Product

  -Income of a Filipino

  -Alien inside the country
• Gross National Product - Both Internal or External Income of Filipino inside and outside of the country
• OFW- Remittances
• Fluctuating - Rising and falling regularly
• Gross National Income - the total money earned by a nation's people and business.
• Gross National Income - Combination of Gross Domestic Product and National Income
• Nominal Gni - talking about the number of products made in a particular fiscal year and depending of the price
• Real Gni - the Data of price
• Personal Household Expenditure - Electricity, Water, Grocery
• Personal Household Expenditure - Biggest because of this they get more Income and because We are talking about "Needz"
• Government Consumption Expenditure -means the given and spent by the government every kinsenas the salary and wages
• GCE - services
• Fiscal Management and Budgeting - where it involves a lot of agency, offices, and the 3 branches of Government
• Legislative - the branch concerned with budgeting
• Department of Budget and Management - will dispece the budget
• Juggling of funds - you didn't steal but you don't use it in good way
• Commission on Audit - serve as watch dog