Direction: Identify which socioeconomic factors are related to the phrases below and briefly explain why. Write your answer in your notebook. Read the instructions carefully.

a. Income Capacity b. Occupation c. Education Levels d. Economic Growth

1. job promotion 2. Recession 3. Higher Gross National Product 4. Mr. Lim attained a degree in Masters in Business Administration 5. Pedro bought branded items for his satisfaction 6. Higher Gross Domestic Product 7. newly established shoe factory in the community 8. inflation 9. deduction of workloads due to pandemic 10. Mr. Cruz was promoted as the new branch manager