IDENTIFICATION. FILL IN THE BLANKS WITH THE CORRECT ANSWERS

1. The most liquid form of wealth.
2. The ideal unemployment rate that every nation is aiming for.
3. Household and individual purchases of both durable and nondurable goods and services.
4. The rate of upward movement in the price level for an aggregate of goods and services, or simply the decreasing purchasing power of peso.
5. The official system of accounting used to measure the flows of income and expenditure of the Philippines.
6. The inherent power of the government to take private property for public use upon payment of just compensation.
7. The presence and availability of jobs for those who are able and willing to work.
8. Payments for which no good or service is currently received in return and that therfore do not represent expenditures for the purchase of final products. (eg. 4P'S Program)
9. The type of money that is valuable because of a government legislation.
10. An economic goal which refers to the absence of wide fluctuations in prices of goods and services.
11. Computed as Import minus Exports.
12. Product produced by business firms for resale by other firms or for use as materials or services that will be included in the value of resold goods.
13. The income individuals have to spend or save after payment of taxes.
14. The inherent power of the government to exact compulsory contributions from it's constituents to defray government expenses.
15. Goods and services sold to final users and not used as materials, parts, or services to be incorporated in the value of other items that are to be resold.
16. The inherent power of the government to regulate or restrict individual rights for the general welfare.
17. The portion of household income that is not used to make purchases or pay taxes.
18. The oldest form/medium of exchange practiced by the ancient civilizations.
19. The first gold-minted coins used by the Philippine ancestors in trading goods and services.
20. The market value of the final goods and services produced by workers and other resources located within the borders of a nation over a period of one year.