SENIOR HIGH SCHOOL

University of Bohol
Tagbilaran City

Name: Kimberly Rose B. Sabsal

Grade and Section: 11-GAS HW
Subject and Schedule: Applied economics/10:45-11:45
Lesson and Activity Number: 1/ activity 5

Unemployment
1. Encouraging self-employment/ entrepreneurship.
2. Enhancing the educational standard
3. Avoid laziness
4. Population control
5. Expansion of employment exchanges
Poverty
1. Raise the minimum wage (a full-time worker earning the minimum wage could lift a family of
three out of poverty).
2. Equality and representation for all (one of the main causes of extreme is marginalization – the
systemic barriers that lead to groups of people going without representation in their
communities).
3. Creating organizations and communities to work locally.
4. Creating Jobs
5. Providing Access to Healthcare (Unpaid medical bills are the leading cause of bankruptcy).
Poor quality infrastructure
1. Prioritize public transit (The main reason people still queue up to take the MRT/LRT despite
the long lines and technical problems is because it is the most convenient, fast, and affordable
transportation mode available in Metro Manila).
2. Get the parking right (With Metro Manila’s road systems mainly planned and prioritized for
cars, parking is a big factor in the economic viability of real estate development projects).
3. Make it better with a vision (The Philippine geography makes our country a great platform to
maximize the different types of transportation networks available).
4. Encourage more compact development.
5. Look for best practices elsewhere.

Economic Issues and Problems observed

1. Inflation
- High inflation can be a serious problem if prices rise faster than wages and nominal interest
rates. In periods of rapidly rising prices, people with savings will see a decline in their real
wealth. If prices rise faster than wages, then people’s spending power will decline.
2. Development economics
 - Developing economies face similar economic problems, but any issue is magnified by low
GDP and high levels of poverty. For example, unemployment in a developing economy is
more serious because there is unlikely to be any government insurance to give a minimum
standard of living.
3. Recession
- A recession is a period of negative economic growth – a decline in the size of the economy. It
exacerbates problems of inequality and unemployment. A problem of recession is that it can
create a negative spiral. When demand falls, firms lay off workers. The unemployed have less
money to spend causing further falls in demand.