REFLECTIONDirections: Read the article below . Then , discuss how the economic program of the government administration puts solution to the problem of scarcity in the country.Write your answer in a reflective way. An online article written by DJ Yap, entitled "12 M Filipinos Living in ExtremePoverty."More than 26 million Filipinos remain poor with almost half, or a little more than 12 million, living inextreme poverty and lacking the means to feed themselves, according to official government statisticsfor the first semester of 2015.The figures, however, reflect slight improvements from the same period in 2012, two years afterPresident Benigno Aquino III assumed power, as well as in 2009 and 2006, under the Gloria Macapagal-Arroyo presidency. "The statistics are actually good. Yes, we can be happy about it," said RosemarieEdillon, acting deputy director of the National Economic and Development Authority.She said it was a sign that economic growth was trickling down to lower-income families, helping bridgethe wealth disparities between the rich and the poor. The economy has been growing at an average ofpercent under the Aquino administration. "We have attributed this first to fast-rising incomes," Edillonsaid. "The incomes of the bottom 30 percent have actually improved the fastest. That means thatinequality is actually being reduced as well."

Scarcity is an important term of economics. If the demand for goods and services is greater than the…

Directions: Read the article below . Then , discuss how the economic program of the government administration puts solution to the problem of scarcity in the country. Write your answer in a reflective way.

Directions: Read the article below . Then , discuss how the economic program of the government administration puts solution to the problem of scarcity in the country. Write your answer in a reflective way.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

REFLECTION
Directions: Read the article below . Then , discuss how the economic program of the government administration puts solution to the problem of scarcity in the country.
Write your answer in a reflective way.

An online article written by DJ Yap, entitled "12 M Filipinos Living in Extreme
Poverty."
More than 26 million Filipinos remain poor with almost half, or a little more than 12 million, living in
extreme poverty and lacking the means to feed themselves, according to official government statistics
for the first semester of 2015.
The figures, however, reflect slight improvements from the same period in 2012, two years after
President Benigno Aquino III assumed power, as well as in 2009 and 2006, under the Gloria Macapagal-
Arroyo presidency. "The statistics are actually good. Yes, we can be happy about it," said Rosemarie
Edillon, acting deputy director of the National Economic and Development Authority.
She said it was a sign that economic growth was trickling down to lower-income families, helping bridge
the wealth disparities between the rich and the poor. The economy has been growing at an average of
percent under the Aquino administration. "We have attributed this first to fast-rising incomes," Edillon
said. "The incomes of the bottom 30 percent have actually improved the fastest. That means that
inequality is actually being reduced as well."

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