Macroeconomic Trends and Their Impact on the Life of the
Average Person
ECON 1002 - Introduction to Macroeconomics
University of Cincinnati
April 23, 2024
At its most basic level, macroeconomics studies the interaction among
the main aggregate economic variables such as: unemployment,
inflation, interest rates, exchange rates, etc. It also simplifies and
summarizes the interactions between the structures of the economy of
an entire nation, taking into account things that apply universally to it.
Considered as an important method in economic analysis,
macroeconomics is highly useful for understanding economic policies,
providing relatively rich information with regards to the variables and
in reviewing the overall performance of the economy in different
perspectives.
In order for me to properly conceptualize the logical implications as to
how the areas of macro economy function, I would like to make use of
an approach (as per requirement) that can lead to a deeper and more
robust understanding that is focused in the real world. Hence, I am to
discuss specific and pressing macroeconomic problems that have
affected my family directly.
Before proceeding, let me emphasize relevant points. Firstly, in the
context of our familial structure, there is me, my mom and my father
who works as an Overseas Filipino Worker (OFW). So, one could
only imagine the amount of remittances we receive that has become
an essential part of our household budgets spent on basic needs and
are used as funds either in investing or for increasing consumption. In
over two decades, the rate of Philippine remittances continues to rise
throughout the years thus creating a domino effect towards recipient
families and the country in general (Sicat, n.d). Hence, the means of
overseas cash flow raise our standard of living.
Secondly, the concept of exchange rates arises. The appreciation of
the peso currency is mainly because the dollar itself is weakening
(Olea, 2008). Ironically though, this concept hurt OFWs since it
lowers the peso value of their income. Then again, sharp peso
depreciation can lead to higher inflation rates. Naturally, such cases
depend on the volatility of the exchange rate and percentage of
inflation. Exchange rate has to be right since it gives off significant
impacts not only in itself but to other aggregate factors that may be
affected; further stressing the credible relationship and connection
established between the exchange rate fluctuations and
macroeconomic variables (Perpetua, 2014, p. 167). Every now and
then the government reports to people the achievements made in the
development of the economy. On a similar note, for instance, in the
most recent data, inflation rate increased to 1.3 percent in November
2019 from 0.8 percent in the previous month. Regardless, according to
Sec. Salvador Panelo in his December 2019 statement, the Palace
stresses that for the first 11 months of this year, inflation rate averaged
at 2.5% to which the Department of Trade claimed is still a very
tamed inflation rate. The numbers prove to be favorable since it can
show a major impact on the value of the country’s currency as well as
the rates of foreign exchange it has with the currencies of other
nations. When dealing with exchange rates however, I have come to
understand how relative it can be especially when there are numerous
factors that can impact it.
Thirdly, being an OFW assigned specifically in a cruise ship requires
a contract and these contracts contain terms. When my 02 father goes
home to have his vacation, technically he becomes unemployed up
until the existence of another contract. With that our cash flow
experiences a stagnation. This may prove to be a challenging part for
our family to experience especially when it would take my father
longer vacation durations.
As of the time being, however, my father has no significant and
alarming complaints. Being under the new administration has
prompted our family to experience quite well economically and
financially.
Economics in general help learners like us to deal with global/national
issues in a way that consumers, workers, producers, investors, and
citizens would. In other words, this form of literacy enables us to
interpret events that will either directly/indirectly affect us; a goal for
a democratic society to rely on heavily since an informed citizenry
contributes well to economic decision-making. It frames many choices
we make involving monetary value. This concept is closely similar to
that of what must be done within our household. Knowledge of such
will enable me to think and create decisions that will benefit our
family. Although I do not have full control over financial budgeting
and its flow, I can still help my parents through other recourse such as
monitoring our daily spending and the promotion of savings and
investments. This might prove to be helpful especially when our lives
are influenced by broader economic trends.
In order for me to properly conceptualize the logical implications as to
how the areas of macro economy function, I would like to make use of
an approach (as per requirement) that can lead to a deeper and more
robust understanding that is focused in the real world. Hence, I am to
discuss specific and pressing macroeconomic problems that have
affected my family directly.
Before proceeding, let me emphasize relevant points. Firstly, in the
context of our familial structure, there is me, my mom and my father
who works as an Overseas Filipino Worker (OFW). So, one could
only imagine the amount of remittances we receive that has become
an essential part of our household budgets spent on basic needs and
are used as funds either in investing or for increasing consumption. In
over two decades, the rate of Philippine remittances continues to rise
throughout the years thus creating a domino effect towards recipient
families and the country in general (Sicat, n.d). Hence, the means of
overseas cash flow raise our standard of living.
Secondly, the concept of exchange rates arises. The appreciation of
the peso currency is mainly because the dollar itself is weakening
(Olea, 2008). Ironically though, this concept hurt OFWs since it
lowers the peso value of their income. Then again, sharp peso
depreciation can lead to higher inflation rates. Naturally, such cases
depend on the volatility of the exchange rate and percentage of
inflation. Exchange rate has to be right since it gives off significant
impacts not only in itself but to other aggregate factors that may be
affected; further stressing the credible relationship and connection
established between the exchange rate fluctuations and
macroeconomic variables (Perpetua, 2014, p. 167). Every now and
then the government reports to people the achievements made in the
development of the economy. On a similar note, for instance, in the
most recent data, inflation rate increased to 1.3 percent in November
2019 from 0.8 percent in the previous month. Regardless, according to
Sec. Salvador Panelo in his December 2019 statement, the Palace
stresses that for the first 11 months of this year, inflation rate averaged
at 2.5% to which the Department of Trade claimed is still a very
tamed inflation rate. The numbers prove to be favorable since it can
show a major impact on the value of the country’s currency as well as
the rates of foreign exchange it has with the currencies of other
nations. When dealing with exchange rates however, I have come to
understand how relative it can be especially when there are numerous
factors that can impact it.
Thirdly, being an OFW assigned specifically in a cruise ship requires
a contract and these contracts contain terms. When my 02 father goes
home to have his vacation, technically he becomes unemployed up
until the existence of another contract. With that our cash flow
experiences a stagnation. This may prove to be a challenging part for
our family to experience especially when it would take my father
longer vacation durations.
As of the time being, however, my father has no significant and
alarming complaints. Being under the new administration has
prompted our family to experience quite well economically and
financially.
Economics in general help learners like us to deal with global/national
issues in a way that consumers, workers, producers, investors, and
citizens would. In other words, this form of literacy enables us to
interpret events that will either directly/indirectly affect us; a goal for
a democratic society to rely on heavily since an informed citizenry
contributes well to economic decision-making. It frames many choices
we make involving monetary value. This concept is closely similar to
that of what must be done within our household. Knowledge of such
will enable me to think and create decisions that will benefit our
family. Although I do not have full control over financial budgeting
and its flow, I can still help my parents through other recourse such as
monitoring our daily spending and the promotion of savings and
investments. This might prove to be helpful especially when our lives
are influenced by broader economic trends.
In order for me to properly conceptualize the logical implications as to
how the areas of macro economy function, I would like to make use of
an approach (as per requirement) that can lead to a deeper and more
robust understanding that is focused in the real world. Hence, I am to
discuss specific and pressing macroeconomic problems that have
affected my family directly.
Before proceeding, let me emphasize relevant points. Firstly, in the
context of our familial structure, there is me, my mom and my father
who works as an Overseas Filipino Worker (OFW). So, one could
only imagine the amount of remittances we receive that has become
an essential part of our household budgets spent on basic needs and
are used as funds either in investing or for increasing consumption. In
over two decades, the rate of Philippine remittances continues to rise
throughout the years thus creating a domino effect towards recipient
families and the country in general (Sicat, n.d). Hence, the means of
overseas cash flow raise our standard of living.
Secondly, the concept of exchange rates arises. The appreciation of
the peso currency is mainly because the dollar itself is weakening
(Olea, 2008). Ironically though, this concept hurt OFWs since it
lowers the peso value of their income. Then again, sharp peso
depreciation can lead to higher inflation rates. Naturally, such cases
depend on the volatility of the exchange rate and percentage of
inflation. Exchange rate has to be right since it gives off significant
impacts not only in itself but to other aggregate factors that may be
affected; further stressing the credible relationship and connection
established between the exchange rate fluctuations and
macroeconomic variables (Perpetua, 2014, p. 167). Every now and
then the government reports to people the achievements made in the
development of the economy. On a similar note, for instance, in the
most recent data, inflation rate increased to 1.3 percent in November
2019 from 0.8 percent in the previous month. Regardless, according to
Sec. Salvador Panelo in his December 2019 statement, the Palace
stresses that for the first 11 months of this year, inflation rate averaged
at 2.5% to which the Department of Trade claimed is still a very
tamed inflation rate. The numbers prove to be favorable since it can
show a major impact on the value of the country’s currency as well as
the rates of foreign exchange it has with the currencies of other
nations. When dealing with exchange rates however, I have come to
understand how relative it can be especially when there are numerous
factors that can impact it.
Thirdly, being an OFW assigned specifically in a cruise ship requires
a contract and these contracts contain terms. When my 02 father goes
home to have his vacation, technically he becomes unemployed up
until the existence of another contract. With that our cash flow
experiences a stagnation. This may prove to be a challenging part for
our family to experience especially when it would take my father
longer vacation durations.
As of the time being, however, my father has no significant and
alarming complaints. Being under the new administration has
prompted our family to experience quite well economically and
financially.
Economics in general help learners like us to deal with global/national
issues in a way that consumers, workers, producers, investors, and
citizens would. In other words, this form of literacy enables us to
interpret events that will either directly/indirectly affect us; a goal for
a democratic society to rely on heavily since an informed citizenry
contributes well to economic decision-making. It frames many choices
we make involving monetary value. This concept is closely similar to
that of what must be done within our household. Knowledge of such
will enable me to think and create decisions that will benefit our
family. Although I do not have full control over financial budgeting
and its flow, I can still help my parents through other recourse such as
monitoring our daily spending and the promotion of savings and
investments. This might prove to be helpful especially when our lives
are influenced by broader economic trends.
In order for me to properly conceptualize the logical implications as to
how the areas of macro economy function, I would like to make use of
an approach (as per requirement) that can lead to a deeper and more
robust understanding that is focused in the real world. Hence, I am to
discuss specific and pressing macroeconomic problems that have
affected my family directly.
Before proceeding, let me emphasize relevant points. Firstly, in the
context of our familial structure, there is me, my mom and my father
who works as an Overseas Filipino Worker (OFW). So, one could
only imagine the amount of remittances we receive that has become
an essential part of our household budgets spent on basic needs and
are used as funds either in investing or for increasing consumption. In
over two decades, the rate of Philippine remittances continues to rise
throughout the years thus creating a domino effect towards recipient
families and the country in general (Sicat, n.d). Hence, the means of
overseas cash flow raise our standard of living.
Secondly, the concept of exchange rates arises. The appreciation of
the peso currency is mainly because the dollar itself is weakening
(Olea, 2008). Ironically though, this concept hurt OFWs since it
lowers the peso value of their income. Then again, sharp peso
depreciation can lead to higher inflation rates. Naturally, such cases
depend on the volatility of the exchange rate and percentage of
inflation. Exchange rate has to be right since it gives off significant
impacts not only in itself but to other aggregate factors that may be
affected; further stressing the credible relationship and connection
established between the exchange rate fluctuations and
macroeconomic variables (Perpetua, 2014, p. 167). Every now and
then the government reports to people the achievements made in the
development of the economy. On a similar note, for instance, in the
most recent data, inflation rate increased to 1.3 percent in November
2019 from 0.8 percent in the previous month. Regardless, according to
Sec. Salvador Panelo in his December 2019 statement, the Palace
stresses that for the first 11 months of this year, inflation rate averaged
at 2.5% to which the Department of Trade claimed is still a very
tamed inflation rate. The numbers prove to be favorable since it can
show a major impact on the value of the country’s currency as well as
the rates of foreign exchange it has with the currencies of other
nations. When dealing with exchange rates however, I have come to
understand how relative it can be especially when there are numerous
factors that can impact it.
Thirdly, being an OFW assigned specifically in a cruise ship requires
a contract and these contracts contain terms. When my 02 father goes
home to have his vacation, technically he becomes unemployed up
until the existence of another contract. With that our cash flow
experiences a stagnation. This may prove to be a challenging part for
our family to experience especially when it would take my father
longer vacation durations.
As of the time being, however, my father has no significant and
alarming complaints. Being under the new administration has
prompted our family to experience quite well economically and
financially.
Economics in general help learners like us to deal with global/national
issues in a way that consumers, workers, producers, investors, and
citizens would. In other words, this form of literacy enables us to
interpret events that will either directly/indirectly affect us; a goal for
a democratic society to rely on heavily since an informed citizenry
contributes well to economic decision-making. It frames many choices
we make involving monetary value. This concept is closely similar to
that of what must be done within our household. Knowledge of such
will enable me to think and create decisions that will benefit our
family. Although I do not have full control over financial budgeting
and its flow, I can still help my parents through other recourse such as
monitoring our daily spending and the promotion of savings and
investments. This might prove to be helpful especially when our lives
are influenced by broader economic trends.
In order for me to properly conceptualize the logical implications as to
how the areas of macro economy function, I would like to make use of
an approach (as per requirement) that can lead to a deeper and more
robust understanding that is focused in the real world. Hence, I am to
discuss specific and pressing macroeconomic problems that have
affected my family directly.
Before proceeding, let me emphasize relevant points. Firstly, in the
context of our familial structure, there is me, my mom and my father
who works as an Overseas Filipino Worker (OFW). So, one could
only imagine the amount of remittances we receive that has become
an essential part of our household budgets spent on basic needs and
are used as funds either in investing or for increasing consumption. In
over two decades, the rate of Philippine remittances continues to rise
throughout the years thus creating a domino effect towards recipient
families and the country in general (Sicat, n.d). Hence, the means of
overseas cash flow raise our standard of living.
Secondly, the concept of exchange rates arises. The appreciation of
the peso currency is mainly because the dollar itself is weakening
(Olea, 2008). Ironically though, this concept hurt OFWs since it
lowers the peso value of their income. Then again, sharp peso
depreciation can lead to higher inflation rates. Naturally, such cases
depend on the volatility of the exchange rate and percentage of
inflation. Exchange rate has to be right since it gives off significant
impacts not only in itself but to other aggregate factors that may be
affected; further stressing the credible relationship and connection
established between the exchange rate fluctuations and
macroeconomic variables (Perpetua, 2014, p. 167). Every now and
then the government reports to people the achievements made in the
development of the economy. On a similar note, for instance, in the
most recent data, inflation rate increased to 1.3 percent in November
2019 from 0.8 percent in the previous month. Regardless, according to
Sec. Salvador Panelo in his December 2019 statement, the Palace
stresses that for the first 11 months of this year, inflation rate averaged
at 2.5% to which the Department of Trade claimed is still a very
tamed inflation rate. The numbers prove to be favorable since it can
show a major impact on the value of the country’s currency as well as
the rates of foreign exchange it has with the currencies of other
nations. When dealing with exchange rates however, I have come to
understand how relative it can be especially when there are numerous
factors that can impact it.
Thirdly, being an OFW assigned specifically in a cruise ship requires
a contract and these contracts contain terms. When my 02 father goes
home to have his vacation, technically he becomes unemployed up
until the existence of another contract. With that our cash flow
experiences a stagnation. This may prove to be a challenging part for
our family to experience especially when it would take my father
longer vacation durations.
As of the time being, however, my father has no significant and
alarming complaints. Being under the new administration has
prompted our family to experience quite well economically and
financially.
Economics in general help learners like us to deal with global/national
issues in a way that consumers, workers, producers, investors, and
citizens would. In other words, this form of literacy enables us to
interpret events that will either directly/indirectly affect us; a goal for
a democratic society to rely on heavily since an informed citizenry
contributes well to economic decision-making. It frames many choices
we make involving monetary value. This concept is closely similar to
that of what must be done within our household. Knowledge of such
will enable me to think and create decisions that will benefit our
family. Although I do not have full control over financial budgeting
and its flow, I can still help my parents through other recourse such as
monitoring our daily spending and the promotion of savings and
investments. This might prove to be helpful especially when our lives
are influenced by broader economic trends.
In order for me to properly conceptualize the logical implications as to
how the areas of macro economy function, I would like to make use of
an approach (as per requirement) that can lead to a deeper and more
robust understanding that is focused in the real world. Hence, I am to
discuss specific and pressing macroeconomic problems that have
affected my family directly.
Before proceeding, let me emphasize relevant points. Firstly, in the
context of our familial structure, there is me, my mom and my father
who works as an Overseas Filipino Worker (OFW). So, one could
only imagine the amount of remittances we receive that has become
an essential part of our household budgets spent on basic needs and
are used as funds either in investing or for increasing consumption. In
over two decades, the rate of Philippine remittances continues to rise
throughout the years thus creating a domino effect towards recipient
families and the country in general (Sicat, n.d). Hence, the means of
overseas cash flow raise our standard of living.
Secondly, the concept of exchange rates arises. The appreciation of
the peso currency is mainly because the dollar itself is weakening
(Olea, 2008). Ironically though, this concept hurt OFWs since it
lowers the peso value of their income. Then again, sharp peso
depreciation can lead to higher inflation rates. Naturally, such cases
depend on the volatility of the exchange rate and percentage of
inflation. Exchange rate has to be right since it gives off significant
impacts not only in itself but to other aggregate factors that may be
affected; further stressing the credible relationship and connection
established between the exchange rate fluctuations and
macroeconomic variables (Perpetua, 2014, p. 167). Every now and
then the government reports to people the achievements made in the
development of the economy. On a similar note, for instance, in the
most recent data, inflation rate increased to 1.3 percent in November
2019 from 0.8 percent in the previous month. Regardless, according to
Sec. Salvador Panelo in his December 2019 statement, the Palace
stresses that for the first 11 months of this year, inflation rate averaged
at 2.5% to which the Department of Trade claimed is still a very
tamed inflation rate. The numbers prove to be favorable since it can
show a major impact on the value of the country’s currency as well as
the rates of foreign exchange it has with the currencies of other
nations. When dealing with exchange rates however, I have come to
understand how relative it can be especially when there are numerous
factors that can impact it.
Thirdly, being an OFW assigned specifically in a cruise ship requires
a contract and these contracts contain terms. When my 02 father goes
home to have his vacation, technically he becomes unemployed up
until the existence of another contract. With that our cash flow
experiences a stagnation. This may prove to be a challenging part for
our family to experience especially when it would take my father
longer vacation durations.
As of the time being, however, my father has no significant and
alarming complaints. Being under the new administration has
prompted our family to experience quite well economically and
financially.
Economics in general help learners like us to deal with global/national
issues in a way that consumers, workers, producers, investors, and
citizens would. In other words, this form of literacy enables us to
interpret events that will either directly/indirectly affect us; a goal for
a democratic society to rely on heavily since an informed citizenry
contributes well to economic decision-making. It frames many choices
we make involving monetary value. This concept is closely similar to
that of what must be done within our household. Knowledge of such
will enable me to think and create decisions that will benefit our
family. Although I do not have full control over financial budgeting
and its flow, I can still help my parents through other recourse such as
monitoring our daily spending and the promotion of savings and
investments. This might prove to be helpful especially when our lives
are influenced by broader economic trends.
In order for me to properly conceptualize the logical implications as to
how the areas of macro economy function, I would like to make use of
an approach (as per requirement) that can lead to a deeper and more
robust understanding that is focused in the real world. Hence, I am to
discuss specific and pressing macroeconomic problems that have
affected my family directly.
Before proceeding, let me emphasize relevant points. Firstly, in the
context of our familial structure, there is me, my mom and my father
who works as an Overseas Filipino Worker (OFW). So, one could
only imagine the amount of remittances we receive that has become
an essential part of our household budgets spent on basic needs and
are used as funds either in investing or for increasing consumption. In
over two decades, the rate of Philippine remittances continues to rise
throughout the years thus creating a domino effect towards recipient
families and the country in general (Sicat, n.d). Hence, the means of
overseas cash flow raise our standard of living.
Secondly, the concept of exchange rates arises. The appreciation of
the peso currency is mainly because the dollar itself is weakening
(Olea, 2008). Ironically though, this concept hurt OFWs since it
lowers the peso value of their income. Then again, sharp peso
depreciation can lead to higher inflation rates. Naturally, such cases
depend on the volatility of the exchange rate and percentage of
inflation. Exchange rate has to be right since it gives off significant
impacts not only in itself but to other aggregate factors that may be
affected; further stressing the credible relationship and connection
established between the exchange rate fluctuations and
macroeconomic variables (Perpetua, 2014, p. 167). Every now and
then the government reports to people the achievements made in the
development of the economy. On a similar note, for instance, in the
most recent data, inflation rate increased to 1.3 percent in November
2019 from 0.8 percent in the previous month. Regardless, according to
Sec. Salvador Panelo in his December 2019 statement, the Palace
stresses that for the first 11 months of this year, inflation rate averaged
at 2.5% to which the Department of Trade claimed is still a very
tamed inflation rate. The numbers prove to be favorable since it can
show a major impact on the value of the country’s currency as well as
the rates of foreign exchange it has with the currencies of other
nations. When dealing with exchange rates however, I have come to
understand how relative it can be especially when there are numerous
factors that can impact it.
Thirdly, being an OFW assigned specifically in a cruise ship requires
a contract and these contracts contain terms. When my 02 father goes
home to have his vacation, technically he becomes unemployed up
until the existence of another contract. With that our cash flow
experiences a stagnation. This may prove to be a challenging part for
our family to experience especially when it would take my father
longer vacation durations.
As of the time being, however, my father has no significant and
alarming complaints. Being under the new administration has
prompted our family to experience quite well economically and
financially.
Economics in general help learners like us to deal with global/national
issues in a way that consumers, workers, producers, investors, and
citizens would. In other words, this form of literacy enables us to
interpret events that will either directly/indirectly affect us; a goal for
a democratic society to rely on heavily since an informed citizenry
contributes well to economic decision-making. It frames many choices
we make involving monetary value. This concept is closely similar to
that of what must be done within our household. Knowledge of such
will enable me to think and create decisions that will benefit our
family. Although I do not have full control over financial budgeting
and its flow, I can still help my parents through other recourse such as
monitoring our daily spending and the promotion of savings and
investments. This might prove to be helpful especially when our lives
are influenced by broader economic trends.
In order for me to properly conceptualize the logical implications as to
how the areas of macro economy function, I would like to make use of
an approach (as per requirement) that can lead to a deeper and more
robust understanding that is focused in the real world. Hence, I am to
discuss specific and pressing macroeconomic problems that have
affected my family directly.
Before proceeding, let me emphasize relevant points. Firstly, in the
context of our familial structure, there is me, my mom and my father
who works as an Overseas Filipino Worker (OFW). So, one could
only imagine the amount of remittances we receive that has become
an essential part of our household budgets spent on basic needs and
are used as funds either in investing or for increasing consumption. In
over two decades, the rate of Philippine remittances continues to rise
throughout the years thus creating a domino effect towards recipient
families and the country in general (Sicat, n.d). Hence, the means of
overseas cash flow raise our standard of living.
Secondly, the concept of exchange rates arises. The appreciation of
the peso currency is mainly because the dollar itself is weakening
(Olea, 2008). Ironically though, this concept hurt OFWs since it
lowers the peso value of their income. Then again, sharp peso
depreciation can lead to higher inflation rates. Naturally, such cases
depend on the volatility of the exchange rate and percentage of
inflation. Exchange rate has to be right since it gives off significant
impacts not only in itself but to other aggregate factors that may be
affected; further stressing the credible relationship and connection
established between the exchange rate fluctuations and
macroeconomic variables (Perpetua, 2014, p. 167). Every now and
then the government reports to people the achievements made in the
development of the economy. On a similar note, for instance, in the
most recent data, inflation rate increased to 1.3 percent in November
2019 from 0.8 percent in the previous month. Regardless, according to
Sec. Salvador Panelo in his December 2019 statement, the Palace
stresses that for the first 11 months of this year, inflation rate averaged
at 2.5% to which the Department of Trade claimed is still a very
tamed inflation rate. The numbers prove to be favorable since it can
show a major impact on the value of the country’s currency as well as
the rates of foreign exchange it has with the currencies of other
nations. When dealing with exchange rates however, I have come to
understand how relative it can be especially when there are numerous
factors that can impact it.
Thirdly, being an OFW assigned specifically in a cruise ship requires
a contract and these contracts contain terms. When my 02 father goes
home to have his vacation, technically he becomes unemployed up
until the existence of another contract. With that our cash flow
experiences a stagnation. This may prove to be a challenging part for
our family to experience especially when it would take my father
longer vacation durations.
As of the time being, however, my father has no significant and
alarming complaints. Being under the new administration has
prompted our family to experience quite well economically and
financially.
Economics in general help learners like us to deal with global/national
issues in a way that consumers, workers, producers, investors, and
citizens would. In other words, this form of literacy enables us to
interpret events that will either directly/indirectly affect us; a goal for
a democratic society to rely on heavily since an informed citizenry
contributes well to economic decision-making. It frames many choices
we make involving monetary value. This concept is closely similar to
that of what must be done within our household. Knowledge of such
will enable me to think and create decisions that will benefit our
family. Although I do not have full control over financial budgeting
and its flow, I can still help my parents through other recourse such as
monitoring our daily spending and the promotion of savings and
investments. This might prove to be helpful especially when our lives
are influenced by broader economic trends.
In order for me to properly conceptualize the logical implications as to
how the areas of macro economy function, I would like to make use of
an approach (as per requirement) that can lead to a deeper and more
robust understanding that is focused in the real world. Hence, I am to
discuss specific and pressing macroeconomic problems that have
affected my family directly.
Before proceeding, let me emphasize relevant points. Firstly, in the
context of our familial structure, there is me, my mom and my father
who works as an Overseas Filipino Worker (OFW). So, one could
only imagine the amount of remittances we receive that has become
an essential part of our household budgets spent on basic needs and
are used as funds either in investing or for increasing consumption. In
over two decades, the rate of Philippine remittances continues to rise
throughout the years thus creating a domino effect towards recipient
families and the country in general (Sicat, n.d). Hence, the means of
overseas cash flow raise our standard of living.
Secondly, the concept of exchange rates arises. The appreciation of
the peso currency is mainly because the dollar itself is weakening
(Olea, 2008). Ironically though, this concept hurt OFWs since it
lowers the peso value of their income. Then again, sharp peso
depreciation can lead to higher inflation rates. Naturally, such cases
depend on the volatility of the exchange rate and percentage of
inflation. Exchange rate has to be right since it gives off significant
impacts not only in itself but to other aggregate factors that may be
affected; further stressing the credible relationship and connection
established between the exchange rate fluctuations and
macroeconomic variables (Perpetua, 2014, p. 167). Every now and
then the government reports to people the achievements made in the
development of the economy. On a similar note, for instance, in the
most recent data, inflation rate increased to 1.3 percent in November
2019 from 0.8 percent in the previous month. Regardless, according to
Sec. Salvador Panelo in his December 2019 statement, the Palace
stresses that for the first 11 months of this year, inflation rate averaged
at 2.5% to which the Department of Trade claimed is still a very
tamed inflation rate. The numbers prove to be favorable since it can
show a major impact on the value of the country’s currency as well as
the rates of foreign exchange it has with the currencies of other
nations. When dealing with exchange rates however, I have come to
understand how relative it can be especially when there are numerous
factors that can impact it.
Thirdly, being an OFW assigned specifically in a cruise ship requires
a contract and these contracts contain terms. When my 02 father goes
home to have his vacation, technically he becomes unemployed up
until the existence of another contract. With that our cash flow
experiences a stagnation. This may prove to be a challenging part for
our family to experience especially when it would take my father
longer vacation durations.
As of the time being, however, my father has no significant and
alarming complaints. Being under the new administration has
prompted our family to experience quite well economically and
financially.
Economics in general help learners like us to deal with global/national
issues in a way that consumers, workers, producers, investors, and
citizens would. In other words, this form of literacy enables us to
interpret events that will either directly/indirectly affect us; a goal for
a democratic society to rely on heavily since an informed citizenry
contributes well to economic decision-making. It frames many choices
we make involving monetary value. This concept is closely similar to
that of what must be done within our household. Knowledge of such
will enable me to think and create decisions that will benefit our
family. Although I do not have full control over financial budgeting
and its flow, I can still help my parents through other recourse such as
monitoring our daily spending and the promotion of savings and
investments. This might prove to be helpful especially when our lives
are influenced by broader economic trends.
In order for me to properly conceptualize the logical implications as to
how the areas of macro economy function, I would like to make use of
an approach (as per requirement) that can lead to a deeper and more
robust understanding that is focused in the real world. Hence, I am to
discuss specific and pressing macroeconomic problems that have
affected my family directly.
Before proceeding, let me emphasize relevant points. Firstly, in the
context of our familial structure, there is me, my mom and my father
who works as an Overseas Filipino Worker (OFW). So, one could
only imagine the amount of remittances we receive that has become
an essential part of our household budgets spent on basic needs and
are used as funds either in investing or for increasing consumption. In
over two decades, the rate of Philippine remittances continues to rise
throughout the years thus creating a domino effect towards recipient
families and the country in general (Sicat, n.d). Hence, the means of
overseas cash flow raise our standard of living.
Secondly, the concept of exchange rates arises. The appreciation of
the peso currency is mainly because the dollar itself is weakening
(Olea, 2008). Ironically though, this concept hurt OFWs since it
lowers the peso value of their income. Then again, sharp peso
depreciation can lead to higher inflation rates. Naturally, such cases
depend on the volatility of the exchange rate and percentage of
inflation. Exchange rate has to be right since it gives off significant
impacts not only in itself but to other aggregate factors that may be
affected; further stressing the credible relationship and connection
established between the exchange rate fluctuations and
macroeconomic variables (Perpetua, 2014, p. 167). Every now and
then the government reports to people the achievements made in the
development of the economy. On a similar note, for instance, in the
most recent data, inflation rate increased to 1.3 percent in November
2019 from 0.8 percent in the previous month. Regardless, according to
Sec. Salvador Panelo in his December 2019 statement, the Palace
stresses that for the first 11 months of this year, inflation rate averaged
at 2.5% to which the Department of Trade claimed is still a very
tamed inflation rate. The numbers prove to be favorable since it can
show a major impact on the value of the country’s currency as well as
the rates of foreign exchange it has with the currencies of other
nations. When dealing with exchange rates however, I have come to
understand how relative it can be especially when there are numerous
factors that can impact it.
Thirdly, being an OFW assigned specifically in a cruise ship requires
a contract and these contracts contain terms. When my 02 father goes
home to have his vacation, technically he becomes unemployed up
until the existence of another contract. With that our cash flow
experiences a stagnation. This may prove to be a challenging part for
our family to experience especially when it would take my father
longer vacation durations.
As of the time being, however, my father has no significant and
alarming complaints. Being under the new administration has
prompted our family to experience quite well economically and
financially.
Economics in general help learners like us to deal with global/national
issues in a way that consumers, workers, producers, investors, and
citizens would. In other words, this form of literacy enables us to
interpret events that will either directly/indirectly affect us; a goal for
a democratic society to rely on heavily since an informed citizenry
contributes well to economic decision-making. It frames many choices
we make involving monetary value. This concept is closely similar to
that of what must be done within our household. Knowledge of such
will enable me to think and create decisions that will benefit our
family. Although I do not have full control over financial budgeting
and its flow, I can still help my parents through other recourse such as
monitoring our daily spending and the promotion of savings and
investments. This might prove to be helpful especially when our lives
are influenced by broader economic trends.
In order for me to properly conceptualize the logical implications as to
how the areas of macro economy function, I would like to make use of
an approach (as per requirement) that can lead to a deeper and more
robust understanding that is focused in the real world. Hence, I am to
discuss specific and pressing macroeconomic problems that have
affected my family directly.
Before proceeding, let me emphasize relevant points. Firstly, in the
context of our familial structure, there is me, my mom and my father
who works as an Overseas Filipino Worker (OFW). So, one could
only imagine the amount of remittances we receive that has become
an essential part of our household budgets spent on basic needs and
are used as funds either in investing or for increasing consumption. In
over two decades, the rate of Philippine remittances continues to rise
throughout the years thus creating a domino effect towards recipient
families and the country in general (Sicat, n.d). Hence, the means of
overseas cash flow raise our standard of living.
Secondly, the concept of exchange rates arises. The appreciation of
the peso currency is mainly because the dollar itself is weakening
(Olea, 2008). Ironically though, this concept hurt OFWs since it
lowers the peso value of their income. Then again, sharp peso
depreciation can lead to higher inflation rates. Naturally, such cases
depend on the volatility of the exchange rate and percentage of
inflation. Exchange rate has to be right since it gives off significant
impacts not only in itself but to other aggregate factors that may be
affected; further stressing the credible relationship and connection
established between the exchange rate fluctuations and
macroeconomic variables (Perpetua, 2014, p. 167). Every now and
then the government reports to people the achievements made in the
development of the economy. On a similar note, for instance, in the
most recent data, inflation rate increased to 1.3 percent in November
2019 from 0.8 percent in the previous month. Regardless, according to
Sec. Salvador Panelo in his December 2019 statement, the Palace
stresses that for the first 11 months of this year, inflation rate averaged
at 2.5% to which the Department of Trade claimed is still a very
tamed inflation rate. The numbers prove to be favorable since it can
show a major impact on the value of the country’s currency as well as
the rates of foreign exchange it has with the currencies of other
nations. When dealing with exchange rates however, I have come to
understand how relative it can be especially when there are numerous
factors that can impact it.
Thirdly, being an OFW assigned specifically in a cruise ship requires
a contract and these contracts contain terms. When my 02 father goes
home to have his vacation, technically he becomes unemployed up
until the existence of another contract. With that our cash flow
experiences a stagnation. This may prove to be a challenging part for
our family to experience especially when it would take my father
longer vacation durations.
As of the time being, however, my father has no significant and
alarming complaints. Being under the new administration has
prompted our family to experience quite well economically and
financially.
Economics in general help learners like us to deal with global/national
issues in a way that consumers, workers, producers, investors, and
citizens would. In other words, this form of literacy enables us to
interpret events that will either directly/indirectly affect us; a goal for
a democratic society to rely on heavily since an informed citizenry
contributes well to economic decision-making. It frames many choices
we make involving monetary value. This concept is closely similar to
that of what must be done within our household. Knowledge of such
will enable me to think and create decisions that will benefit our
family. Although I do not have full control over financial budgeting
and its flow, I can still help my parents through other recourse such as
monitoring our daily spending and the promotion of savings and
investments. This might prove to be helpful especially when our lives
are influenced by broader economic trends.
In order for me to properly conceptualize the logical implications as to
how the areas of macro economy function, I would like to make use of
an approach (as per requirement) that can lead to a deeper and more
robust understanding that is focused in the real world. Hence, I am to
discuss specific and pressing macroeconomic problems that have
affected my family directly.
Before proceeding, let me emphasize relevant points. Firstly, in the
context of our familial structure, there is me, my mom and my father
who works as an Overseas Filipino Worker (OFW). So, one could
only imagine the amount of remittances we receive that has become
an essential part of our household budgets spent on basic needs and
are used as funds either in investing or for increasing consumption. In
over two decades, the rate of Philippine remittances continues to rise
throughout the years thus creating a domino effect towards recipient
families and the country in general (Sicat, n.d). Hence, the means of
overseas cash flow raise our standard of living.
Secondly, the concept of exchange rates arises. The appreciation of
the peso currency is mainly because the dollar itself is weakening
(Olea, 2008). Ironically though, this concept hurt OFWs since it
lowers the peso value of their income. Then again, sharp peso
depreciation can lead to higher inflation rates. Naturally, such cases
depend on the volatility of the exchange rate and percentage of
inflation. Exchange rate has to be right since it gives off significant
impacts not only in itself but to other aggregate factors that may be
affected; further stressing the credible relationship and connection
established between the exchange rate fluctuations and
macroeconomic variables (Perpetua, 2014, p. 167). Every now and
then the government reports to people the achievements made in the
development of the economy. On a similar note, for instance, in the
most recent data, inflation rate increased to 1.3 percent in November
2019 from 0.8 percent in the previous month. Regardless, according to
Sec. Salvador Panelo in his December 2019 statement, the Palace
stresses that for the first 11 months of this year, inflation rate averaged
at 2.5% to which the Department of Trade claimed is still a very
tamed inflation rate. The numbers prove to be favorable since it can
show a major impact on the value of the country’s currency as well as
the rates of foreign exchange it has with the currencies of other
nations. When dealing with exchange rates however, I have come to
understand how relative it can be especially when there are numerous
factors that can impact it.
Thirdly, being an OFW assigned specifically in a cruise ship requires
a contract and these contracts contain terms. When my 02 father goes
home to have his vacation, technically he becomes unemployed up
until the existence of another contract. With that our cash flow
experiences a stagnation. This may prove to be a challenging part for
our family to experience especially when it would take my father
longer vacation durations.
As of the time being, however, my father has no significant and
alarming complaints. Being under the new administration has
prompted our family to experience quite well economically and
financially.
Economics in general help learners like us to deal with global/national
issues in a way that consumers, workers, producers, investors, and
citizens would. In other words, this form of literacy enables us to
interpret events that will either directly/indirectly affect us; a goal for
a democratic society to rely on heavily since an informed citizenry
contributes well to economic decision-making. It frames many choices
we make involving monetary value. This concept is closely similar to
that of what must be done within our household. Knowledge of such
will enable me to think and create decisions that will benefit our
family. Although I do not have full control over financial budgeting
and its flow, I can still help my parents through other recourse such as
monitoring our daily spending and the promotion of savings and
investments. This might prove to be helpful especially when our lives
are influenced by broader economic trends.
In order for me to properly conceptualize the logical implications as to
how the areas of macro economy function, I would like to make use of
an approach (as per requirement) that can lead to a deeper and more
robust understanding that is focused in the real world. Hence, I am to
discuss specific and pressing macroeconomic problems that have
affected my family directly.
Before proceeding, let me emphasize relevant points. Firstly, in the
context of our familial structure, there is me, my mom and my father
who works as an Overseas Filipino Worker (OFW). So, one could
only imagine the amount of remittances we receive that has become
an essential part of our household budgets spent on basic needs and
are used as funds either in investing or for increasing consumption. In
over two decades, the rate of Philippine remittances continues to rise
throughout the years thus creating a domino effect towards recipient
families and the country in general (Sicat, n.d). Hence, the means of
overseas cash flow raise our standard of living.
Secondly, the concept of exchange rates arises. The appreciation of
the peso currency is mainly because the dollar itself is weakening
(Olea, 2008). Ironically though, this concept hurt OFWs since it
lowers the peso value of their income. Then again, sharp peso
depreciation can lead to higher inflation rates. Naturally, such cases
depend on the volatility of the exchange rate and percentage of
inflation. Exchange rate has to be right since it gives off significant
impacts not only in itself but to other aggregate factors that may be
affected; further stressing the credible relationship and connection
established between the exchange rate fluctuations and
macroeconomic variables (Perpetua, 2014, p. 167). Every now and
then the government reports to people the achievements made in the
development of the economy. On a similar note, for instance, in the
most recent data, inflation rate increased to 1.3 percent in November
2019 from 0.8 percent in the previous month. Regardless, according to
Sec. Salvador Panelo in his December 2019 statement, the Palace
stresses that for the first 11 months of this year, inflation rate averaged
at 2.5% to which the Department of Trade claimed is still a very
tamed inflation rate. The numbers prove to be favorable since it can
show a major impact on the value of the country’s currency as well as
the rates of foreign exchange it has with the currencies of other
nations. When dealing with exchange rates however, I have come to
understand how relative it can be especially when there are numerous
factors that can impact it.
Thirdly, being an OFW assigned specifically in a cruise ship requires
a contract and these contracts contain terms. When my 02 father goes
home to have his vacation, technically he becomes unemployed up
until the existence of another contract. With that our cash flow
experiences a stagnation. This may prove to be a challenging part for
our family to experience especially when it would take my father
longer vacation durations.
As of the time being, however, my father has no significant and
alarming complaints. Being under the new administration has
prompted our family to experience quite well economically and
financially.
Economics in general help learners like us to deal with global/national
issues in a way that consumers, workers, producers, investors, and
citizens would. In other words, this form of literacy enables us to
interpret events that will either directly/indirectly affect us; a goal for
a democratic society to rely on heavily since an informed citizenry
contributes well to economic decision-making. It frames many choices
we make involving monetary value. This concept is closely similar to
that of what must be done within our household. Knowledge of such
will enable me to think and create decisions that will benefit our
family. Although I do not have full control over financial budgeting
and its flow, I can still help my parents through other recourse such as
monitoring our daily spending and the promotion of savings and
investments. This might prove to be helpful especially when our lives
are influenced by broader economic trends.
In order for me to properly conceptualize the logical implications as to
how the areas of macro economy function, I would like to make use of
an approach (as per requirement) that can lead to a deeper and more
robust understanding that is focused in the real world. Hence, I am to
discuss specific and pressing macroeconomic problems that have
affected my family directly.
Before proceeding, let me emphasize relevant points. Firstly, in the
context of our familial structure, there is me, my mom and my father
who works as an Overseas Filipino Worker (OFW). So, one could
only imagine the amount of remittances we receive that has become
an essential part of our household budgets spent on basic needs and
are used as funds either in investing or for increasing consumption. In
over two decades, the rate of Philippine remittances continues to rise
throughout the years thus creating a domino effect towards recipient
families and the country in general (Sicat, n.d). Hence, the means of
overseas cash flow raise our standard of living.
Secondly, the concept of exchange rates arises. The appreciation of
the peso currency is mainly because the dollar itself is weakening
(Olea, 2008). Ironically though, this concept hurt OFWs since it
lowers the peso value of their income. Then again, sharp peso
depreciation can lead to higher inflation rates. Naturally, such cases
depend on the volatility of the exchange rate and percentage of
inflation. Exchange rate has to be right since it gives off significant
impacts not only in itself but to other aggregate factors that may be
affected; further stressing the credible relationship and connection
established between the exchange rate fluctuations and
macroeconomic variables (Perpetua, 2014, p. 167). Every now and
then the government reports to people the achievements made in the
development of the economy. On a similar note, for instance, in the
most recent data, inflation rate increased to 1.3 percent in November
2019 from 0.8 percent in the previous month. Regardless, according to
Sec. Salvador Panelo in his December 2019 statement, the Palace
stresses that for the first 11 months of this year, inflation rate averaged
at 2.5% to which the Department of Trade claimed is still a very
tamed inflation rate. The numbers prove to be favorable since it can
show a major impact on the value of the country’s currency as well as
the rates of foreign exchange it has with the currencies of other
nations. When dealing with exchange rates however, I have come to
understand how relative it can be especially when there are numerous
factors that can impact it.
Thirdly, being an OFW assigned specifically in a cruise ship requires
a contract and these contracts contain terms. When my 02 father goes
home to have his vacation, technically he becomes unemployed up
until the existence of another contract. With that our cash flow
experiences a stagnation. This may prove to be a challenging part for
our family to experience especially when it would take my father
longer vacation durations.
As of the time being, however, my father has no significant and
alarming complaints. Being under the new administration has
prompted our family to experience quite well economically and
financially.
Economics in general help learners like us to deal with global/national
issues in a way that consumers, workers, producers, investors, and
citizens would. In other words, this form of literacy enables us to
interpret events that will either directly/indirectly affect us; a goal for
a democratic society to rely on heavily since an informed citizenry
contributes well to economic decision-making. It frames many choices
we make involving monetary value. This concept is closely similar to
that of what must be done within our household. Knowledge of such
will enable me to think and create decisions that will benefit our
family. Although I do not have full control over financial budgeting
and its flow, I can still help my parents through other recourse such as
monitoring our daily spending and the promotion of savings and
investments. This might prove to be helpful especially when our lives
are influenced by broader economic trends.
In order for me to properly conceptualize the logical implications as to
how the areas of macro economy function, I would like to make use of
an approach (as per requirement) that can lead to a deeper and more
robust understanding that is focused in the real world. Hence, I am to
discuss specific and pressing macroeconomic problems that have
affected my family directly.
Before proceeding, let me emphasize relevant points. Firstly, in the
context of our familial structure, there is me, my mom and my father
who works as an Overseas Filipino Worker (OFW). So, one could
only imagine the amount of remittances we receive that has become
an essential part of our household budgets spent on basic needs and
are used as funds either in investing or for increasing consumption. In
over two decades, the rate of Philippine remittances continues to rise
throughout the years thus creating a domino effect towards recipient
families and the country in general (Sicat, n.d). Hence, the means of
overseas cash flow raise our standard of living.
Secondly, the concept of exchange rates arises. The appreciation of
the peso currency is mainly because the dollar itself is weakening
(Olea, 2008). Ironically though, this concept hurt OFWs since it
lowers the peso value of their income. Then again, sharp peso
depreciation can lead to higher inflation rates. Naturally, such cases
depend on the volatility of the exchange rate and percentage of
inflation. Exchange rate has to be right since it gives off significant
impacts not only in itself but to other aggregate factors that may be
affected; further stressing the credible relationship and connection
established between the exchange rate fluctuations and
macroeconomic variables (Perpetua, 2014, p. 167). Every now and
then the government reports to people the achievements made in the
development of the economy. On a similar note, for instance, in the
most recent data, inflation rate increased to 1.3 percent in November
2019 from 0.8 percent in the previous month. Regardless, according to
Sec. Salvador Panelo in his December 2019 statement, the Palace
stresses that for the first 11 months of this year, inflation rate averaged
at 2.5% to which the Department of Trade claimed is still a very
tamed inflation rate. The numbers prove to be favorable since it can
show a major impact on the value of the country’s currency as well as
the rates of foreign exchange it has with the currencies of other
nations. When dealing with exchange rates however, I have come to
understand how relative it can be especially when there are numerous
factors that can impact it.
Thirdly, being an OFW assigned specifically in a cruise ship requires
a contract and these contracts contain terms. When my 02 father goes
home to have his vacation, technically he becomes unemployed up
until the existence of another contract. With that our cash flow
experiences a stagnation. This may prove to be a challenging part for
our family to experience especially when it would take my father
longer vacation durations.
As of the time being, however, my father has no significant and
alarming complaints. Being under the new administration has
prompted our family to experience quite well economically and
financially.
Economics in general help learners like us to deal with global/national
issues in a way that consumers, workers, producers, investors, and
citizens would. In other words, this form of literacy enables us to
interpret events that will either directly/indirectly affect us; a goal for
a democratic society to rely on heavily since an informed citizenry
contributes well to economic decision-making. It frames many choices
we make involving monetary value. This concept is closely similar to
that of what must be done within our household. Knowledge of such
will enable me to think and create decisions that will benefit our
family. Although I do not have full control over financial budgeting
and its flow, I can still help my parents through other recourse such as
monitoring our daily spending and the promotion of savings and
investments. This might prove to be helpful especially when our lives
are influenced by broader economic trends.
In order for me to properly conceptualize the logical implications as to
how the areas of macro economy function, I would like to make use of
an approach (as per requirement) that can lead to a deeper and more
robust understanding that is focused in the real world. Hence, I am to
discuss specific and pressing macroeconomic problems that have
affected my family directly.
Before proceeding, let me emphasize relevant points. Firstly, in the
context of our familial structure, there is me, my mom and my father
who works as an Overseas Filipino Worker (OFW). So, one could
only imagine the amount of remittances we receive that has become
an essential part of our household budgets spent on basic needs and
are used as funds either in investing or for increasing consumption. In
over two decades, the rate of Philippine remittances continues to rise
throughout the years thus creating a domino effect towards recipient
families and the country in general (Sicat, n.d). Hence, the means of
overseas cash flow raise our standard of living.
Secondly, the concept of exchange rates arises. The appreciation of
the peso currency is mainly because the dollar itself is weakening
(Olea, 2008). Ironically though, this concept hurt OFWs since it
lowers the peso value of their income. Then again, sharp peso
depreciation can lead to higher inflation rates. Naturally, such cases
depend on the volatility of the exchange rate and percentage of
inflation. Exchange rate has to be right since it gives off significant
impacts not only in itself but to other aggregate factors that may be
affected; further stressing the credible relationship and connection
established between the exchange rate fluctuations and
macroeconomic variables (Perpetua, 2014, p. 167). Every now and
then the government reports to people the achievements made in the
development of the economy. On a similar note, for instance, in the
most recent data, inflation rate increased to 1.3 percent in November
2019 from 0.8 percent in the previous month. Regardless, according to
Sec. Salvador Panelo in his December 2019 statement, the Palace
stresses that for the first 11 months of this year, inflation rate averaged
at 2.5% to which the Department of Trade claimed is still a very
tamed inflation rate. The numbers prove to be favorable since it can
show a major impact on the value of the country’s currency as well as
the rates of foreign exchange it has with the currencies of other
nations. When dealing with exchange rates however, I have come to
understand how relative it can be especially when there are numerous
factors that can impact it.
Thirdly, being an OFW assigned specifically in a cruise ship requires
a contract and these contracts contain terms. When my 02 father goes
home to have his vacation, technically he becomes unemployed up
until the existence of another contract. With that our cash flow
experiences a stagnation. This may prove to be a challenging part for
our family to experience especially when it would take my father
longer vacation durations.
As of the time being, however, my father has no significant and
alarming complaints. Being under the new administration has
prompted our family to experience quite well economically and
financially.
Economics in general help learners like us to deal with global/national
issues in a way that consumers, workers, producers, investors, and
citizens would. In other words, this form of literacy enables us to
interpret events that will either directly/indirectly affect us; a goal for
a democratic society to rely on heavily since an informed citizenry
contributes well to economic decision-making. It frames many choices
we make involving monetary value. This concept is closely similar to
that of what must be done within our household. Knowledge of such
will enable me to think and create decisions that will benefit our
family. Although I do not have full control over financial budgeting
and its flow, I can still help my parents through other recourse such as
monitoring our daily spending and the promotion of savings and
investments. This might prove to be helpful especially when our lives
are influenced by broader economic trends.
In order for me to properly conceptualize the logical implications as to
how the areas of macro economy function, I would like to make use of
an approach (as per requirement) that can lead to a deeper and more
robust understanding that is focused in the real world. Hence, I am to
discuss specific and pressing macroeconomic problems that have
affected my family directly.
Before proceeding, let me emphasize relevant points. Firstly, in the
context of our familial structure, there is me, my mom and my father
who works as an Overseas Filipino Worker (OFW). So, one could
only imagine the amount of remittances we receive that has become
an essential part of our household budgets spent on basic needs and
are used as funds either in investing or for increasing consumption. In
over two decades, the rate of Philippine remittances continues to rise
throughout the years thus creating a domino effect towards recipient
families and the country in general (Sicat, n.d). Hence, the means of
overseas cash flow raise our standard of living.
Secondly, the concept of exchange rates arises. The appreciation of
the peso currency is mainly because the dollar itself is weakening
(Olea, 2008). Ironically though, this concept hurt OFWs since it
lowers the peso value of their income. Then again, sharp peso
depreciation can lead to higher inflation rates. Naturally, such cases
depend on the volatility of the exchange rate and percentage of
inflation. Exchange rate has to be right since it gives off significant
impacts not only in itself but to other aggregate factors that may be
affected; further stressing the credible relationship and connection
established between the exchange rate fluctuations and
macroeconomic variables (Perpetua, 2014, p. 167). Every now and
then the government reports to people the achievements made in the
development of the economy. On a similar note, for instance, in the
most recent data, inflation rate increased to 1.3 percent in November
2019 from 0.8 percent in the previous month. Regardless, according to
Sec. Salvador Panelo in his December 2019 statement, the Palace
stresses that for the first 11 months of this year, inflation rate averaged
at 2.5% to which the Department of Trade claimed is still a very
tamed inflation rate. The numbers prove to be favorable since it can
show a major impact on the value of the country’s currency as well as
the rates of foreign exchange it has with the currencies of other
nations. When dealing with exchange rates however, I have come to
understand how relative it can be especially when there are numerous
factors that can impact it.
Thirdly, being an OFW assigned specifically in a cruise ship requires
a contract and these contracts contain terms. When my 02 father goes
home to have his vacation, technically he becomes unemployed up
until the existence of another contract. With that our cash flow
experiences a stagnation. This may prove to be a challenging part for
our family to experience especially when it would take my father
longer vacation durations.
As of the time being, however, my father has no significant and
alarming complaints. Being under the new administration has
prompted our family to experience quite well economically and
financially.
Economics in general help learners like us to deal with global/national
issues in a way that consumers, workers, producers, investors, and
citizens would. In other words, this form of literacy enables us to
interpret events that will either directly/indirectly affect us; a goal for
a democratic society to rely on heavily since an informed citizenry
contributes well to economic decision-making. It frames many choices
we make involving monetary value. This concept is closely similar to
that of what must be done within our household. Knowledge of such
will enable me to think and create decisions that will benefit our
family. Although I do not have full control over financial budgeting
and its flow, I can still help my parents through other recourse such as
monitoring our daily spending and the promotion of savings and
investments. This might prove to be helpful especially when our lives
are influenced by broader economic trends.
In order for me to properly conceptualize the logical implications as to
how the areas of macro economy function, I would like to make use of
an approach (as per requirement) that can lead to a deeper and more
robust understanding that is focused in the real world. Hence, I am to
discuss specific and pressing macroeconomic problems that have
affected my family directly.
Before proceeding, let me emphasize relevant points. Firstly, in the
context of our familial structure, there is me, my mom and my father
who works as an Overseas Filipino Worker (OFW). So, one could
only imagine the amount of remittances we receive that has become
an essential part of our household budgets spent on basic needs and
are used as funds either in investing or for increasing consumption. In
over two decades, the rate of Philippine remittances continues to rise
throughout the years thus creating a domino effect towards recipient
families and the country in general (Sicat, n.d). Hence, the means of
overseas cash flow raise our standard of living.
Secondly, the concept of exchange rates arises. The appreciation of
the peso currency is mainly because the dollar itself is weakening
(Olea, 2008). Ironically though, this concept hurt OFWs since it
lowers the peso value of their income. Then again, sharp peso
depreciation can lead to higher inflation rates. Naturally, such cases
depend on the volatility of the exchange rate and percentage of
inflation. Exchange rate has to be right since it gives off significant
impacts not only in itself but to other aggregate factors that may be
affected; further stressing the credible relationship and connection
established between the exchange rate fluctuations and
macroeconomic variables (Perpetua, 2014, p. 167). Every now and
then the government reports to people the achievements made in the
development of the economy. On a similar note, for instance, in the
most recent data, inflation rate increased to 1.3 percent in November
2019 from 0.8 percent in the previous month. Regardless, according to
Sec. Salvador Panelo in his December 2019 statement, the Palace
stresses that for the first 11 months of this year, inflation rate averaged
at 2.5% to which the Department of Trade claimed is still a very
tamed inflation rate. The numbers prove to be favorable since it can
show a major impact on the value of the country’s currency as well as
the rates of foreign exchange it has with the currencies of other
nations. When dealing with exchange rates however, I have come to
understand how relative it can be especially when there are numerous
factors that can impact it.
Thirdly, being an OFW assigned specifically in a cruise ship requires
a contract and these contracts contain terms. When my 02 father goes
home to have his vacation, technically he becomes unemployed up
until the existence of another contract. With that our cash flow
experiences a stagnation. This may prove to be a challenging part for
our family to experience especially when it would take my father
longer vacation durations.
As of the time being, however, my father has no significant and
alarming complaints. Being under the new administration has
prompted our family to experience quite well economically and
financially.
Economics in general help learners like us to deal with global/national
issues in a way that consumers, workers, producers, investors, and
citizens would. In other words, this form of literacy enables us to
interpret events that will either directly/indirectly affect us; a goal for
a democratic society to rely on heavily since an informed citizenry
contributes well to economic decision-making. It frames many choices
we make involving monetary value. This concept is closely similar to
that of what must be done within our household. Knowledge of such
will enable me to think and create decisions that will benefit our
family. Although I do not have full control over financial budgeting
and its flow, I can still help my parents through other recourse such as
monitoring our daily spending and the promotion of savings and
investments. This might prove to be helpful especially when our lives
are influenced by broader economic trends.
In order for me to properly conceptualize the logical implications as to
how the areas of macro economy function, I would like to make use of
an approach (as per requirement) that can lead to a deeper and more
robust understanding that is focused in the real world. Hence, I am to
discuss specific and pressing macroeconomic problems that have
affected my family directly.
Before proceeding, let me emphasize relevant points. Firstly, in the
context of our familial structure, there is me, my mom and my father
who works as an Overseas Filipino Worker (OFW). So, one could
only imagine the amount of remittances we receive that has become
an essential part of our household budgets spent on basic needs and
are used as funds either in investing or for increasing consumption. In
over two decades, the rate of Philippine remittances continues to rise
throughout the years thus creating a domino effect towards recipient
families and the country in general (Sicat, n.d). Hence, the means of
overseas cash flow raise our standard of living.
Secondly, the concept of exchange rates arises. The appreciation of
the peso currency is mainly because the dollar itself is weakening
(Olea, 2008). Ironically though, this concept hurt OFWs since it
lowers the peso value of their income. Then again, sharp peso
depreciation can lead to higher inflation rates. Naturally, such cases
depend on the volatility of the exchange rate and percentage of
inflation. Exchange rate has to be right since it gives off significant
impacts not only in itself but to other aggregate factors that may be
affected; further stressing the credible relationship and connection
established between the exchange rate fluctuations and
macroeconomic variables (Perpetua, 2014, p. 167). Every now and
then the government reports to people the achievements made in the
development of the economy. On a similar note, for instance, in the
most recent data, inflation rate increased to 1.3 percent in November
2019 from 0.8 percent in the previous month. Regardless, according to
Sec. Salvador Panelo in his December 2019 statement, the Palace
stresses that for the first 11 months of this year, inflation rate averaged
at 2.5% to which the Department of Trade claimed is still a very
tamed inflation rate. The numbers prove to be favorable since it can
show a major impact on the value of the country’s currency as well as
the rates of foreign exchange it has with the currencies of other
nations. When dealing with exchange rates however, I have come to
understand how relative it can be especially when there are numerous
factors that can impact it.
Thirdly, being an OFW assigned specifically in a cruise ship requires
a contract and these contracts contain terms. When my 02 father goes
home to have his vacation, technically he becomes unemployed up
until the existence of another contract. With that our cash flow
experiences a stagnation. This may prove to be a challenging part for
our family to experience especially when it would take my father
longer vacation durations.
As of the time being, however, my father has no significant and
alarming complaints. Being under the new administration has
prompted our family to experience quite well economically and
financially.
Economics in general help learners like us to deal with global/national
issues in a way that consumers, workers, producers, investors, and
citizens would. In other words, this form of literacy enables us to
interpret events that will either directly/indirectly affect us; a goal for
a democratic society to rely on heavily since an informed citizenry
contributes well to economic decision-making. It frames many choices
we make involving monetary value. This concept is closely similar to
that of what must be done within our household. Knowledge of such
will enable me to think and create decisions that will benefit our
family. Although I do not have full control over financial budgeting
and its flow, I can still help my parents through other recourse such as
monitoring our daily spending and the promotion of savings and
investments. This might prove to be helpful especially when our lives
are influenced by broader economic trends.
In order for me to properly conceptualize the logical implications as to
how the areas of macro economy function, I would like to make use of
an approach (as per requirement) that can lead to a deeper and more
robust understanding that is focused in the real world. Hence, I am to
discuss specific and pressing macroeconomic problems that have
affected my family directly.
Before proceeding, let me emphasize relevant points. Firstly, in the
context of our familial structure, there is me, my mom and my father
who works as an Overseas Filipino Worker (OFW). So, one could
only imagine the amount of remittances we receive that has become
an essential part of our household budgets spent on basic needs and
are used as funds either in investing or for increasing consumption. In
over two decades, the rate of Philippine remittances continues to rise
throughout the years thus creating a domino effect towards recipient
families and the country in general (Sicat, n.d). Hence, the means of
overseas cash flow raise our standard of living.
Secondly, the concept of exchange rates arises. The appreciation of
the peso currency is mainly because the dollar itself is weakening
(Olea, 2008). Ironically though, this concept hurt OFWs since it
lowers the peso value of their income. Then again, sharp peso
depreciation can lead to higher inflation rates. Naturally, such cases
depend on the volatility of the exchange rate and percentage of
inflation. Exchange rate has to be right since it gives off significant
impacts not only in itself but to other aggregate factors that may be
affected; further stressing the credible relationship and connection
established between the exchange rate fluctuations and
macroeconomic variables (Perpetua, 2014, p. 167). Every now and
then the government reports to people the achievements made in the
development of the economy. On a similar note, for instance, in the
most recent data, inflation rate increased to 1.3 percent in November
2019 from 0.8 percent in the previous month. Regardless, according to
Sec. Salvador Panelo in his December 2019 statement, the Palace
stresses that for the first 11 months of this year, inflation rate averaged
at 2.5% to which the Department of Trade claimed is still a very
tamed inflation rate. The numbers prove to be favorable since it can
show a major impact on the value of the country’s currency as well as
the rates of foreign exchange it has with the currencies of other
nations. When dealing with exchange rates however, I have come to
understand how relative it can be especially when there are numerous
factors that can impact it.
Thirdly, being an OFW assigned specifically in a cruise ship requires
a contract and these contracts contain terms. When my 02 father goes
home to have his vacation, technically he becomes unemployed up
until the existence of another contract. With that our cash flow
experiences a stagnation. This may prove to be a challenging part for
our family to experience especially when it would take my father
longer vacation durations.
As of the time being, however, my father has no significant and
alarming complaints. Being under the new administration has
prompted our family to experience quite well economically and
financially.
Economics in general help learners like us to deal with global/national
issues in a way that consumers, workers, producers, investors, and
citizens would. In other words, this form of literacy enables us to
interpret events that will either directly/indirectly affect us; a goal for
a democratic society to rely on heavily since an informed citizenry
contributes well to economic decision-making. It frames many choices
we make involving monetary value. This concept is closely similar to
that of what must be done within our household. Knowledge of such
will enable me to think and create decisions that will benefit our
family. Although I do not have full control over financial budgeting
and its flow, I can still help my parents through other recourse such as
monitoring our daily spending and the promotion of savings and
investments. This might prove to be helpful especially when our lives
are influenced by broader economic trends.
In order for me to properly conceptualize the logical implications as to
how the areas of macro economy function, I would like to make use of
an approach (as per requirement) that can lead to a deeper and more
robust understanding that is focused in the real world. Hence, I am to
discuss specific and pressing macroeconomic problems that have
affected my family directly.
Before proceeding, let me emphasize relevant points. Firstly, in the
context of our familial structure, there is me, my mom and my father
who works as an Overseas Filipino Worker (OFW). So, one could
only imagine the amount of remittances we receive that has become
an essential part of our household budgets spent on basic needs and
are used as funds either in investing or for increasing consumption. In
over two decades, the rate of Philippine remittances continues to rise
throughout the years thus creating a domino effect towards recipient
families and the country in general (Sicat, n.d). Hence, the means of
overseas cash flow raise our standard of living.
Secondly, the concept of exchange rates arises. The appreciation of
the peso currency is mainly because the dollar itself is weakening
(Olea, 2008). Ironically though, this concept hurt OFWs since it
lowers the peso value of their income. Then again, sharp peso
depreciation can lead to higher inflation rates. Naturally, such cases
depend on the volatility of the exchange rate and percentage of
inflation. Exchange rate has to be right since it gives off significant
impacts not only in itself but to other aggregate factors that may be
affected; further stressing the credible relationship and connection
established between the exchange rate fluctuations and
macroeconomic variables (Perpetua, 2014, p. 167). Every now and
then the government reports to people the achievements made in the
development of the economy. On a similar note, for instance, in the
most recent data, inflation rate increased to 1.3 percent in November
2019 from 0.8 percent in the previous month. Regardless, according to
Sec. Salvador Panelo in his December 2019 statement, the Palace
stresses that for the first 11 months of this year, inflation rate averaged
at 2.5% to which the Department of Trade claimed is still a very
tamed inflation rate. The numbers prove to be favorable since it can
show a major impact on the value of the country’s currency as well as
the rates of foreign exchange it has with the currencies of other
nations. When dealing with exchange rates however, I have come to
understand how relative it can be especially when there are numerous
factors that can impact it.
Thirdly, being an OFW assigned specifically in a cruise ship requires
a contract and these contracts contain terms. When my 02 father goes
home to have his vacation, technically he becomes unemployed up
until the existence of another contract. With that our cash flow
experiences a stagnation. This may prove to be a challenging part for
our family to experience especially when it would take my father
longer vacation durations.
As of the time being, however, my father has no significant and
alarming complaints. Being under the new administration has
prompted our family to experience quite well economically and
financially.
Economics in general help learners like us to deal with global/national
issues in a way that consumers, workers, producers, investors, and
citizens would. In other words, this form of literacy enables us to
interpret events that will either directly/indirectly affect us; a goal for
a democratic society to rely on heavily since an informed citizenry
contributes well to economic decision-making. It frames many choices
we make involving monetary value. This concept is closely similar to
that of what must be done within our household. Knowledge of such
will enable me to think and create decisions that will benefit our
family. Although I do not have full control over financial budgeting
and its flow, I can still help my parents through other recourse such as
monitoring our daily spending and the promotion of savings and
investments. This might prove to be helpful especially when our lives
are influenced by broader economic trends.
In order for me to properly conceptualize the logical implications as to
how the areas of macro economy function, I would like to make use of
an approach (as per requirement) that can lead to a deeper and more
robust understanding that is focused in the real world. Hence, I am to
discuss specific and pressing macroeconomic problems that have
affected my family directly.
Before proceeding, let me emphasize relevant points. Firstly, in the
context of our familial structure, there is me, my mom and my father
who works as an Overseas Filipino Worker (OFW). So, one could
only imagine the amount of remittances we receive that has become
an essential part of our household budgets spent on basic needs and
are used as funds either in investing or for increasing consumption. In
over two decades, the rate of Philippine remittances continues to rise
throughout the years thus creating a domino effect towards recipient
families and the country in general (Sicat, n.d). Hence, the means of
overseas cash flow raise our standard of living.
Secondly, the concept of exchange rates arises. The appreciation of
the peso currency is mainly because the dollar itself is weakening
(Olea, 2008). Ironically though, this concept hurt OFWs since it
lowers the peso value of their income. Then again, sharp peso
depreciation can lead to higher inflation rates. Naturally, such cases
depend on the volatility of the exchange rate and percentage of
inflation. Exchange rate has to be right since it gives off significant
impacts not only in itself but to other aggregate factors that may be
affected; further stressing the credible relationship and connection
established between the exchange rate fluctuations and
macroeconomic variables (Perpetua, 2014, p. 167). Every now and
then the government reports to people the achievements made in the
development of the economy. On a similar note, for instance, in the
most recent data, inflation rate increased to 1.3 percent in November
2019 from 0.8 percent in the previous month. Regardless, according to
Sec. Salvador Panelo in his December 2019 statement, the Palace
stresses that for the first 11 months of this year, inflation rate averaged
at 2.5% to which the Department of Trade claimed is still a very
tamed inflation rate. The numbers prove to be favorable since it can
show a major impact on the value of the country’s currency as well as
the rates of foreign exchange it has with the currencies of other
nations. When dealing with exchange rates however, I have come to
understand how relative it can be especially when there are numerous
factors that can impact it.
Thirdly, being an OFW assigned specifically in a cruise ship requires
a contract and these contracts contain terms. When my 02 father goes
home to have his vacation, technically he becomes unemployed up
until the existence of another contract. With that our cash flow
experiences a stagnation. This may prove to be a challenging part for
our family to experience especially when it would take my father
longer vacation durations.
As of the time being, however, my father has no significant and
alarming complaints. Being under the new administration has
prompted our family to experience quite well economically and
financially.
Economics in general help learners like us to deal with global/national
issues in a way that consumers, workers, producers, investors, and
citizens would. In other words, this form of literacy enables us to
interpret events that will either directly/indirectly affect us; a goal for
a democratic society to rely on heavily since an informed citizenry
contributes well to economic decision-making. It frames many choices
we make involving monetary value. This concept is closely similar to
that of what must be done within our household. Knowledge of such
will enable me to think and create decisions that will benefit our
family. Although I do not have full control over financial budgeting
and its flow, I can still help my parents through other recourse such as
monitoring our daily spending and the promotion of savings and
investments. This might prove to be helpful especially when our lives
are influenced by broader economic trends.
In order for me to properly conceptualize the logical implications as to
how the areas of macro economy function, I would like to make use of
an approach (as per requirement) that can lead to a deeper and more
robust understanding that is focused in the real world. Hence, I am to
discuss specific and pressing macroeconomic problems that have
affected my family directly.
Before proceeding, let me emphasize relevant points. Firstly, in the
context of our familial structure, there is me, my mom and my father
who works as an Overseas Filipino Worker (OFW). So, one could
only imagine the amount of remittances we receive that has become
an essential part of our household budgets spent on basic needs and
are used as funds either in investing or for increasing consumption. In
over two decades, the rate of Philippine remittances continues to rise
throughout the years thus creating a domino effect towards recipient
families and the country in general (Sicat, n.d). Hence, the means of
overseas cash flow raise our standard of living.
Secondly, the concept of exchange rates arises. The appreciation of
the peso currency is mainly because the dollar itself is weakening
(Olea, 2008). Ironically though, this concept hurt OFWs since it
lowers the peso value of their income. Then again, sharp peso
depreciation can lead to higher inflation rates. Naturally, such cases
depend on the volatility of the exchange rate and percentage of
inflation. Exchange rate has to be right since it gives off significant
impacts not only in itself but to other aggregate factors that may be
affected; further stressing the credible relationship and connection
established between the exchange rate fluctuations and
macroeconomic variables (Perpetua, 2014, p. 167). Every now and
then the government reports to people the achievements made in the
development of the economy. On a similar note, for instance, in the
most recent data, inflation rate increased to 1.3 percent in November
2019 from 0.8 percent in the previous month. Regardless, according to
Sec. Salvador Panelo in his December 2019 statement, the Palace
stresses that for the first 11 months of this year, inflation rate averaged
at 2.5% to which the Department of Trade claimed is still a very
tamed inflation rate. The numbers prove to be favorable since it can
show a major impact on the value of the country’s currency as well as
the rates of foreign exchange it has with the currencies of other
nations. When dealing with exchange rates however, I have come to
understand how relative it can be especially when there are numerous
factors that can impact it.
Thirdly, being an OFW assigned specifically in a cruise ship requires
a contract and these contracts contain terms. When my 02 father goes
home to have his vacation, technically he becomes unemployed up
until the existence of another contract. With that our cash flow
experiences a stagnation. This may prove to be a challenging part for
our family to experience especially when it would take my father
longer vacation durations.
As of the time being, however, my father has no significant and
alarming complaints. Being under the new administration has
prompted our family to experience quite well economically and
financially.
Economics in general help learners like us to deal with global/national
issues in a way that consumers, workers, producers, investors, and
citizens would. In other words, this form of literacy enables us to
interpret events that will either directly/indirectly affect us; a goal for
a democratic society to rely on heavily since an informed citizenry
contributes well to economic decision-making. It frames many choices
we make involving monetary value. This concept is closely similar to
that of what must be done within our household. Knowledge of such
will enable me to think and create decisions that will benefit our
family. Although I do not have full control over financial budgeting
and its flow, I can still help my parents through other recourse such as
monitoring our daily spending and the promotion of savings and
investments. This might prove to be helpful especially when our lives
are influenced by broader economic trends.
In order for me to properly conceptualize the logical implications as to
how the areas of macro economy function, I would like to make use of
an approach (as per requirement) that can lead to a deeper and more
robust understanding that is focused in the real world. Hence, I am to
discuss specific and pressing macroeconomic problems that have
affected my family directly.
Before proceeding, let me emphasize relevant points. Firstly, in the
context of our familial structure, there is me, my mom and my father
who works as an Overseas Filipino Worker (OFW). So, one could
only imagine the amount of remittances we receive that has become
an essential part of our household budgets spent on basic needs and
are used as funds either in investing or for increasing consumption. In
over two decades, the rate of Philippine remittances continues to rise
throughout the years thus creating a domino effect towards recipient
families and the country in general (Sicat, n.d). Hence, the means of
overseas cash flow raise our standard of living.
Secondly, the concept of exchange rates arises. The appreciation of
the peso currency is mainly because the dollar itself is weakening
(Olea, 2008). Ironically though, this concept hurt OFWs since it
lowers the peso value of their income. Then again, sharp peso
depreciation can lead to higher inflation rates. Naturally, such cases
depend on the volatility of the exchange rate and percentage of
inflation. Exchange rate has to be right since it gives off significant
impacts not only in itself but to other aggregate factors that may be
affected; further stressing the credible relationship and connection
established between the exchange rate fluctuations and
macroeconomic variables (Perpetua, 2014, p. 167). Every now and
then the government reports to people the achievements made in the
development of the economy. On a similar note, for instance, in the
most recent data, inflation rate increased to 1.3 percent in November
2019 from 0.8 percent in the previous month. Regardless, according to
Sec. Salvador Panelo in his December 2019 statement, the Palace
stresses that for the first 11 months of this year, inflation rate averaged
at 2.5% to which the Department of Trade claimed is still a very
tamed inflation rate. The numbers prove to be favorable since it can
show a major impact on the value of the country’s currency as well as
the rates of foreign exchange it has with the currencies of other
nations. When dealing with exchange rates however, I have come to
understand how relative it can be especially when there are numerous
factors that can impact it.
Thirdly, being an OFW assigned specifically in a cruise ship requires
a contract and these contracts contain terms. When my 02 father goes
home to have his vacation, technically he becomes unemployed up
until the existence of another contract. With that our cash flow
experiences a stagnation. This may prove to be a challenging part for
our family to experience especially when it would take my father
longer vacation durations.
As of the time being, however, my father has no significant and
alarming complaints. Being under the new administration has
prompted our family to experience quite well economically and
financially.
Economics in general help learners like us to deal with global/national
issues in a way that consumers, workers, producers, investors, and
citizens would. In other words, this form of literacy enables us to
interpret events that will either directly/indirectly affect us; a goal for
a democratic society to rely on heavily since an informed citizenry
contributes well to economic decision-making. It frames many choices
we make involving monetary value. This concept is closely similar to
that of what must be done within our household. Knowledge of such
will enable me to think and create decisions that will benefit our
family. Although I do not have full control over financial budgeting
and its flow, I can still help my parents through other recourse such as
monitoring our daily spending and the promotion of savings and
investments. This might prove to be helpful especially when our lives
are influenced by broader economic trends.
In order for me to properly conceptualize the logical implications as to
how the areas of macro economy function, I would like to make use of
an approach (as per requirement) that can lead to a deeper and more
robust understanding that is focused in the real world. Hence, I am to
discuss specific and pressing macroeconomic problems that have
affected my family directly.
Before proceeding, let me emphasize relevant points. Firstly, in the
context of our familial structure, there is me, my mom and my father
who works as an Overseas Filipino Worker (OFW). So, one could
only imagine the amount of remittances we receive that has become
an essential part of our household budgets spent on basic needs and
are used as funds either in investing or for increasing consumption. In
over two decades, the rate of Philippine remittances continues to rise
throughout the years thus creating a domino effect towards recipient
families and the country in general (Sicat, n.d). Hence, the means of
overseas cash flow raise our standard of living.
Secondly, the concept of exchange rates arises. The appreciation of
the peso currency is mainly because the dollar itself is weakening
(Olea, 2008). Ironically though, this concept hurt OFWs since it
lowers the peso value of their income. Then again, sharp peso
depreciation can lead to higher inflation rates. Naturally, such cases
depend on the volatility of the exchange rate and percentage of
inflation. Exchange rate has to be right since it gives off significant
impacts not only in itself but to other aggregate factors that may be
affected; further stressing the credible relationship and connection
established between the exchange rate fluctuations and
macroeconomic variables (Perpetua, 2014, p. 167). Every now and
then the government reports to people the achievements made in the
development of the economy. On a similar note, for instance, in the
most recent data, inflation rate increased to 1.3 percent in November
2019 from 0.8 percent in the previous month. Regardless, according to
Sec. Salvador Panelo in his December 2019 statement, the Palace
stresses that for the first 11 months of this year, inflation rate averaged
at 2.5% to which the Department of Trade claimed is still a very
tamed inflation rate. The numbers prove to be favorable since it can
show a major impact on the value of the country’s currency as well as
the rates of foreign exchange it has with the currencies of other
nations. When dealing with exchange rates however, I have come to
understand how relative it can be especially when there are numerous
factors that can impact it.
Thirdly, being an OFW assigned specifically in a cruise ship requires
a contract and these contracts contain terms. When my 02 father goes
home to have his vacation, technically he becomes unemployed up
until the existence of another contract. With that our cash flow
experiences a stagnation. This may prove to be a challenging part for
our family to experience especially when it would take my father
longer vacation durations.
As of the time being, however, my father has no significant and
alarming complaints. Being under the new administration has
prompted our family to experience quite well economically and
financially.
Economics in general help learners like us to deal with global/national
issues in a way that consumers, workers, producers, investors, and
citizens would. In other words, this form of literacy enables us to
interpret events that will either directly/indirectly affect us; a goal for
a democratic society to rely on heavily since an informed citizenry
contributes well to economic decision-making. It frames many choices
we make involving monetary value. This concept is closely similar to
that of what must be done within our household. Knowledge of such
will enable me to think and create decisions that will benefit our
family. Although I do not have full control over financial budgeting
and its flow, I can still help my parents through other recourse such as
monitoring our daily spending and the promotion of savings and
investments. This might prove to be helpful especially when our lives
are influenced by broader economic trends.
In order for me to properly conceptualize the logical implications as to
how the areas of macro economy function, I would like to make use of
an approach (as per requirement) that can lead to a deeper and more
robust understanding that is focused in the real world. Hence, I am to
discuss specific and pressing macroeconomic problems that have
affected my family directly.
Before proceeding, let me emphasize relevant points. Firstly, in the
context of our familial structure, there is me, my mom and my father
who works as an Overseas Filipino Worker (OFW). So, one could
only imagine the amount of remittances we receive that has become
an essential part of our household budgets spent on basic needs and
are used as funds either in investing or for increasing consumption. In
over two decades, the rate of Philippine remittances continues to rise
throughout the years thus creating a domino effect towards recipient
families and the country in general (Sicat, n.d). Hence, the means of
overseas cash flow raise our standard of living.
Secondly, the concept of exchange rates arises. The appreciation of
the peso currency is mainly because the dollar itself is weakening
(Olea, 2008). Ironically though, this concept hurt OFWs since it
lowers the peso value of their income. Then again, sharp peso
depreciation can lead to higher inflation rates. Naturally, such cases
depend on the volatility of the exchange rate and percentage of
inflation. Exchange rate has to be right since it gives off significant
impacts not only in itself but to other aggregate factors that may be
affected; further stressing the credible relationship and connection
established between the exchange rate fluctuations and
macroeconomic variables (Perpetua, 2014, p. 167). Every now and
then the government reports to people the achievements made in the
development of the economy. On a similar note, for instance, in the
most recent data, inflation rate increased to 1.3 percent in November
2019 from 0.8 percent in the previous month. Regardless, according to
Sec. Salvador Panelo in his December 2019 statement, the Palace
stresses that for the first 11 months of this year, inflation rate averaged
at 2.5% to which the Department of Trade claimed is still a very
tamed inflation rate. The numbers prove to be favorable since it can
show a major impact on the value of the country’s currency as well as
the rates of foreign exchange it has with the currencies of other
nations. When dealing with exchange rates however, I have come to
understand how relative it can be especially when there are numerous
factors that can impact it.
Thirdly, being an OFW assigned specifically in a cruise ship requires
a contract and these contracts contain terms. When my 02 father goes
home to have his vacation, technically he becomes unemployed up
until the existence of another contract. With that our cash flow
experiences a stagnation. This may prove to be a challenging part for
our family to experience especially when it would take my father
longer vacation durations.
As of the time being, however, my father has no significant and
alarming complaints. Being under the new administration has
prompted our family to experience quite well economically and
financially.
Economics in general help learners like us to deal with global/national
issues in a way that consumers, workers, producers, investors, and
citizens would. In other words, this form of literacy enables us to
interpret events that will either directly/indirectly affect us; a goal for
a democratic society to rely on heavily since an informed citizenry
contributes well to economic decision-making. It frames many choices
we make involving monetary value. This concept is closely similar to
that of what must be done within our household. Knowledge of such
will enable me to think and create decisions that will benefit our
family. Although I do not have full control over financial budgeting
and its flow, I can still help my parents through other recourse such as
monitoring our daily spending and the promotion of savings and
investments. This might prove to be helpful especially when our lives
are influenced by broader economic trends.
In order for me to properly conceptualize the logical implications as to
how the areas of macro economy function, I would like to make use of
an approach (as per requirement) that can lead to a deeper and more
robust understanding that is focused in the real world. Hence, I am to
discuss specific and pressing macroeconomic problems that have
affected my family directly.
Before proceeding, let me emphasize relevant points. Firstly, in the
context of our familial structure, there is me, my mom and my father
who works as an Overseas Filipino Worker (OFW). So, one could
only imagine the amount of remittances we receive that has become
an essential part of our household budgets spent on basic needs and
are used as funds either in investing or for increasing consumption. In
over two decades, the rate of Philippine remittances continues to rise
throughout the years thus creating a domino effect towards recipient
families and the country in general (Sicat, n.d). Hence, the means of
overseas cash flow raise our standard of living.
Secondly, the concept of exchange rates arises. The appreciation of
the peso currency is mainly because the dollar itself is weakening
(Olea, 2008). Ironically though, this concept hurt OFWs since it
lowers the peso value of their income. Then again, sharp peso
depreciation can lead to higher inflation rates. Naturally, such cases
depend on the volatility of the exchange rate and percentage of
inflation. Exchange rate has to be right since it gives off significant
impacts not only in itself but to other aggregate factors that may be
affected; further stressing the credible relationship and connection
established between the exchange rate fluctuations and
macroeconomic variables (Perpetua, 2014, p. 167). Every now and
then the government reports to people the achievements made in the
development of the economy. On a similar note, for instance, in the
most recent data, inflation rate increased to 1.3 percent in November
2019 from 0.8 percent in the previous month. Regardless, according to
Sec. Salvador Panelo in his December 2019 statement, the Palace
stresses that for the first 11 months of this year, inflation rate averaged
at 2.5% to which the Department of Trade claimed is still a very
tamed inflation rate. The numbers prove to be favorable since it can
show a major impact on the value of the country’s currency as well as
the rates of foreign exchange it has with the currencies of other
nations. When dealing with exchange rates however, I have come to
understand how relative it can be especially when there are numerous
factors that can impact it.
Thirdly, being an OFW assigned specifically in a cruise ship requires
a contract and these contracts contain terms. When my 02 father goes
home to have his vacation, technically he becomes unemployed up
until the existence of another contract. With that our cash flow
experiences a stagnation. This may prove to be a challenging part for
our family to experience especially when it would take my father
longer vacation durations.
As of the time being, however, my father has no significant and
alarming complaints. Being under the new administration has
prompted our family to experience quite well economically and
financially.
Economics in general help learners like us to deal with global/national
issues in a way that consumers, workers, producers, investors, and
citizens would. In other words, this form of literacy enables us to
interpret events that will either directly/indirectly affect us; a goal for
a democratic society to rely on heavily since an informed citizenry
contributes well to economic decision-making. It frames many choices
we make involving monetary value. This concept is closely similar to
that of what must be done within our household. Knowledge of such
will enable me to think and create decisions that will benefit our
family. Although I do not have full control over financial budgeting
and its flow, I can still help my parents through other recourse such as
monitoring our daily spending and the promotion of savings and
investments. This might prove to be helpful especially when our lives
are influenced by broader economic trends.
In order for me to properly conceptualize the logical implications as to
how the areas of macro economy function, I would like to make use of
an approach (as per requirement) that can lead to a deeper and more
robust understanding that is focused in the real world. Hence, I am to
discuss specific and pressing macroeconomic problems that have
affected my family directly.
Before proceeding, let me emphasize relevant points. Firstly, in the
context of our familial structure, there is me, my mom and my father
who works as an Overseas Filipino Worker (OFW). So, one could
only imagine the amount of remittances we receive that has become
an essential part of our household budgets spent on basic needs and
are used as funds either in investing or for increasing consumption. In
over two decades, the rate of Philippine remittances continues to rise
throughout the years thus creating a domino effect towards recipient
families and the country in general (Sicat, n.d). Hence, the means of
overseas cash flow raise our standard of living.
Secondly, the concept of exchange rates arises. The appreciation of
the peso currency is mainly because the dollar itself is weakening
(Olea, 2008). Ironically though, this concept hurt OFWs since it
lowers the peso value of their income. Then again, sharp peso
depreciation can lead to higher inflation rates. Naturally, such cases
depend on the volatility of the exchange rate and percentage of
inflation. Exchange rate has to be right since it gives off significant
impacts not only in itself but to other aggregate factors that may be
affected; further stressing the credible relationship and connection
established between the exchange rate fluctuations and
macroeconomic variables (Perpetua, 2014, p. 167). Every now and
then the government reports to people the achievements made in the
development of the economy. On a similar note, for instance, in the
most recent data, inflation rate increased to 1.3 percent in November
2019 from 0.8 percent in the previous month. Regardless, according to
Sec. Salvador Panelo in his December 2019 statement, the Palace
stresses that for the first 11 months of this year, inflation rate averaged
at 2.5% to which the Department of Trade claimed is still a very
tamed inflation rate. The numbers prove to be favorable since it can
show a major impact on the value of the country’s currency as well as
the rates of foreign exchange it has with the currencies of other
nations. When dealing with exchange rates however, I have come to
understand how relative it can be especially when there are numerous
factors that can impact it.
Thirdly, being an OFW assigned specifically in a cruise ship requires
a contract and these contracts contain terms. When my 02 father goes
home to have his vacation, technically he becomes unemployed up
until the existence of another contract. With that our cash flow
experiences a stagnation. This may prove to be a challenging part for
our family to experience especially when it would take my father
longer vacation durations.
As of the time being, however, my father has no significant and
alarming complaints. Being under the new administration has
prompted our family to experience quite well economically and
financially.
Economics in general help learners like us to deal with global/national
issues in a way that consumers, workers, producers, investors, and
citizens would. In other words, this form of literacy enables us to
interpret events that will either directly/indirectly affect us; a goal for
a democratic society to rely on heavily since an informed citizenry
contributes well to economic decision-making. It frames many choices
we make involving monetary value. This concept is closely similar to
that of what must be done within our household. Knowledge of such
will enable me to think and create decisions that will benefit our
family. Although I do not have full control over financial budgeting
and its flow, I can still help my parents through other recourse such as
monitoring our daily spending and the promotion of savings and
investments. This might prove to be helpful especially when our lives
are influenced by broader economic trends.
In order for me to properly conceptualize the logical implications as to
how the areas of macro economy function, I would like to make use of
an approach (as per requirement) that can lead to a deeper and more
robust understanding that is focused in the real world. Hence, I am to
discuss specific and pressing macroeconomic problems that have
affected my family directly.
Before proceeding, let me emphasize relevant points. Firstly, in the
context of our familial structure, there is me, my mom and my father
who works as an Overseas Filipino Worker (OFW). So, one could
only imagine the amount of remittances we receive that has become
an essential part of our household budgets spent on basic needs and
are used as funds either in investing or for increasing consumption. In
over two decades, the rate of Philippine remittances continues to rise
throughout the years thus creating a domino effect towards recipient
families and the country in general (Sicat, n.d). Hence, the means of
overseas cash flow raise our standard of living.
Secondly, the concept of exchange rates arises. The appreciation of
the peso currency is mainly because the dollar itself is weakening
(Olea, 2008). Ironically though, this concept hurt OFWs since it
lowers the peso value of their income. Then again, sharp peso
depreciation can lead to higher inflation rates. Naturally, such cases
depend on the volatility of the exchange rate and percentage of
inflation. Exchange rate has to be right since it gives off significant
impacts not only in itself but to other aggregate factors that may be
affected; further stressing the credible relationship and connection
established between the exchange rate fluctuations and
macroeconomic variables (Perpetua, 2014, p. 167). Every now and
then the government reports to people the achievements made in the
development of the economy. On a similar note, for instance, in the
most recent data, inflation rate increased to 1.3 percent in November
2019 from 0.8 percent in the previous month. Regardless, according to
Sec. Salvador Panelo in his December 2019 statement, the Palace
stresses that for the first 11 months of this year, inflation rate averaged
at 2.5% to which the Department of Trade claimed is still a very
tamed inflation rate. The numbers prove to be favorable since it can
show a major impact on the value of the country’s currency as well as
the rates of foreign exchange it has with the currencies of other
nations. When dealing with exchange rates however, I have come to
understand how relative it can be especially when there are numerous
factors that can impact it.
Thirdly, being an OFW assigned specifically in a cruise ship requires
a contract and these contracts contain terms. When my 02 father goes
home to have his vacation, technically he becomes unemployed up
until the existence of another contract. With that our cash flow
experiences a stagnation. This may prove to be a challenging part for
our family to experience especially when it would take my father
longer vacation durations.
As of the time being, however, my father has no significant and
alarming complaints. Being under the new administration has
prompted our family to experience quite well economically and
financially.
Economics in general help learners like us to deal with global/national
issues in a way that consumers, workers, producers, investors, and
citizens would. In other words, this form of literacy enables us to
interpret events that will either directly/indirectly affect us; a goal for
a democratic society to rely on heavily since an informed citizenry
contributes well to economic decision-making. It frames many choices
we make involving monetary value. This concept is closely similar to
that of what must be done within our household. Knowledge of such
will enable me to think and create decisions that will benefit our
family. Although I do not have full control over financial budgeting
and its flow, I can still help my parents through other recourse such as
monitoring our daily spending and the promotion of savings and
investments. This might prove to be helpful especially when our lives
are influenced by broader economic trends.
In order for me to properly conceptualize the logical implications as to
how the areas of macro economy function, I would like to make use of
an approach (as per requirement) that can lead to a deeper and more
robust understanding that is focused in the real world. Hence, I am to
discuss specific and pressing macroeconomic problems that have
affected my family directly.
Before proceeding, let me emphasize relevant points. Firstly, in the
context of our familial structure, there is me, my mom and my father
who works as an Overseas Filipino Worker (OFW). So, one could
only imagine the amount of remittances we receive that has become
an essential part of our household budgets spent on basic needs and
are used as funds either in investing or for increasing consumption. In
over two decades, the rate of Philippine remittances continues to rise
throughout the years thus creating a domino effect towards recipient
families and the country in general (Sicat, n.d). Hence, the means of
overseas cash flow raise our standard of living.
Secondly, the concept of exchange rates arises. The appreciation of
the peso currency is mainly because the dollar itself is weakening
(Olea, 2008). Ironically though, this concept hurt OFWs since it
lowers the peso value of their income. Then again, sharp peso
depreciation can lead to higher inflation rates. Naturally, such cases
depend on the volatility of the exchange rate and percentage of
inflation. Exchange rate has to be right since it gives off significant
impacts not only in itself but to other aggregate factors that may be
affected; further stressing the credible relationship and connection
established between the exchange rate fluctuations and
macroeconomic variables (Perpetua, 2014, p. 167). Every now and
then the government reports to people the achievements made in the
development of the economy. On a similar note, for instance, in the
most recent data, inflation rate increased to 1.3 percent in November
2019 from 0.8 percent in the previous month. Regardless, according to
Sec. Salvador Panelo in his December 2019 statement, the Palace
stresses that for the first 11 months of this year, inflation rate averaged
at 2.5% to which the Department of Trade claimed is still a very
tamed inflation rate. The numbers prove to be favorable since it can
show a major impact on the value of the country’s currency as well as
the rates of foreign exchange it has with the currencies of other
nations. When dealing with exchange rates however, I have come to
understand how relative it can be especially when there are numerous
factors that can impact it.
Thirdly, being an OFW assigned specifically in a cruise ship requires
a contract and these contracts contain terms. When my 02 father goes
home to have his vacation, technically he becomes unemployed up
until the existence of another contract. With that our cash flow
experiences a stagnation. This may prove to be a challenging part for
our family to experience especially when it would take my father
longer vacation durations.
As of the time being, however, my father has no significant and
alarming complaints. Being under the new administration has
prompted our family to experience quite well economically and
financially.
Economics in general help learners like us to deal with global/national
issues in a way that consumers, workers, producers, investors, and
citizens would. In other words, this form of literacy enables us to
interpret events that will either directly/indirectly affect us; a goal for
a democratic society to rely on heavily since an informed citizenry
contributes well to economic decision-making. It frames many choices
we make involving monetary value. This concept is closely similar to
that of what must be done within our household. Knowledge of such
will enable me to think and create decisions that will benefit our
family. Although I do not have full control over financial budgeting
and its flow, I can still help my parents through other recourse such as
monitoring our daily spending and the promotion of savings and
investments. This might prove to be helpful especially when our lives
are influenced by broader economic trends.
In order for me to properly conceptualize the logical implications as to
how the areas of macro economy function, I would like to make use of
an approach (as per requirement) that can lead to a deeper and more
robust understanding that is focused in the real world. Hence, I am to
discuss specific and pressing macroeconomic problems that have
affected my family directly.
Before proceeding, let me emphasize relevant points. Firstly, in the
context of our familial structure, there is me, my mom and my father
who works as an Overseas Filipino Worker (OFW). So, one could
only imagine the amount of remittances we receive that has become
an essential part of our household budgets spent on basic needs and
are used as funds either in investing or for increasing consumption. In
over two decades, the rate of Philippine remittances continues to rise
throughout the years thus creating a domino effect towards recipient
families and the country in general (Sicat, n.d). Hence, the means of
overseas cash flow raise our standard of living.
Secondly, the concept of exchange rates arises. The appreciation of
the peso currency is mainly because the dollar itself is weakening
(Olea, 2008). Ironically though, this concept hurt OFWs since it
lowers the peso value of their income. Then again, sharp peso
depreciation can lead to higher inflation rates. Naturally, such cases
depend on the volatility of the exchange rate and percentage of
inflation. Exchange rate has to be right since it gives off significant
impacts not only in itself but to other aggregate factors that may be
affected; further stressing the credible relationship and connection
established between the exchange rate fluctuations and
macroeconomic variables (Perpetua, 2014, p. 167). Every now and
then the government reports to people the achievements made in the
development of the economy. On a similar note, for instance, in the
most recent data, inflation rate increased to 1.3 percent in November
2019 from 0.8 percent in the previous month. Regardless, according to
Sec. Salvador Panelo in his December 2019 statement, the Palace
stresses that for the first 11 months of this year, inflation rate averaged
at 2.5% to which the Department of Trade claimed is still a very
tamed inflation rate. The numbers prove to be favorable since it can
show a major impact on the value of the country’s currency as well as
the rates of foreign exchange it has with the currencies of other
nations. When dealing with exchange rates however, I have come to
understand how relative it can be especially when there are numerous
factors that can impact it.
Thirdly, being an OFW assigned specifically in a cruise ship requires
a contract and these contracts contain terms. When my 02 father goes
home to have his vacation, technically he becomes unemployed up
until the existence of another contract. With that our cash flow
experiences a stagnation. This may prove to be a challenging part for
our family to experience especially when it would take my father
longer vacation durations.
As of the time being, however, my father has no significant and
alarming complaints. Being under the new administration has
prompted our family to experience quite well economically and
financially.
Economics in general help learners like us to deal with global/national
issues in a way that consumers, workers, producers, investors, and
citizens would. In other words, this form of literacy enables us to
interpret events that will either directly/indirectly affect us; a goal for
a democratic society to rely on heavily since an informed citizenry
contributes well to economic decision-making. It frames many choices
we make involving monetary value. This concept is closely similar to
that of what must be done within our household. Knowledge of such
will enable me to think and create decisions that will benefit our
family. Although I do not have full control over financial budgeting
and its flow, I can still help my parents through other recourse such as
monitoring our daily spending and the promotion of savings and
investments. This might prove to be helpful especially when our lives
are influenced by broader economic trends.
In order for me to properly conceptualize the logical implications as to
how the areas of macro economy function, I would like to make use of
an approach (as per requirement) that can lead to a deeper and more
robust understanding that is focused in the real world. Hence, I am to
discuss specific and pressing macroeconomic problems that have
affected my family directly.
Before proceeding, let me emphasize relevant points. Firstly, in the
context of our familial structure, there is me, my mom and my father
who works as an Overseas Filipino Worker (OFW). So, one could
only imagine the amount of remittances we receive that has become
an essential part of our household budgets spent on basic needs and
are used as funds either in investing or for increasing consumption. In
over two decades, the rate of Philippine remittances continues to rise
throughout the years thus creating a domino effect towards recipient
families and the country in general (Sicat, n.d). Hence, the means of
overseas cash flow raise our standard of living.
Secondly, the concept of exchange rates arises. The appreciation of
the peso currency is mainly because the dollar itself is weakening
(Olea, 2008). Ironically though, this concept hurt OFWs since it
lowers the peso value of their income. Then again, sharp peso
depreciation can lead to higher inflation rates. Naturally, such cases
depend on the volatility of the exchange rate and percentage of
inflation. Exchange rate has to be right since it gives off significant
impacts not only in itself but to other aggregate factors that may be
affected; further stressing the credible relationship and connection
established between the exchange rate fluctuations and
macroeconomic variables (Perpetua, 2014, p. 167). Every now and
then the government reports to people the achievements made in the
development of the economy. On a similar note, for instance, in the
most recent data, inflation rate increased to 1.3 percent in November
2019 from 0.8 percent in the previous month. Regardless, according to
Sec. Salvador Panelo in his December 2019 statement, the Palace
stresses that for the first 11 months of this year, inflation rate averaged
at 2.5% to which the Department of Trade claimed is still a very
tamed inflation rate. The numbers prove to be favorable since it can
show a major impact on the value of the country’s currency as well as
the rates of foreign exchange it has with the currencies of other
nations. When dealing with exchange rates however, I have come to
understand how relative it can be especially when there are numerous
factors that can impact it.
Thirdly, being an OFW assigned specifically in a cruise ship requires
a contract and these contracts contain terms. When my 02 father goes
home to have his vacation, technically he becomes unemployed up
until the existence of another contract. With that our cash flow
experiences a stagnation. This may prove to be a challenging part for
our family to experience especially when it would take my father
longer vacation durations.
As of the time being, however, my father has no significant and
alarming complaints. Being under the new administration has
prompted our family to experience quite well economically and
financially.
Economics in general help learners like us to deal with global/national
issues in a way that consumers, workers, producers, investors, and
citizens would. In other words, this form of literacy enables us to
interpret events that will either directly/indirectly affect us; a goal for
a democratic society to rely on heavily since an informed citizenry
contributes well to economic decision-making. It frames many choices
we make involving monetary value. This concept is closely similar to
that of what must be done within our household. Knowledge of such
will enable me to think and create decisions that will benefit our
family. Although I do not have full control over financial budgeting
and its flow, I can still help my parents through other recourse such as
monitoring our daily spending and the promotion of savings and
investments. This might prove to be helpful especially when our lives
are influenced by broader economic trends.
In order for me to properly conceptualize the logical implications as to
how the areas of macro economy function, I would like to make use of
an approach (as per requirement) that can lead to a deeper and more
robust understanding that is focused in the real world. Hence, I am to
discuss specific and pressing macroeconomic problems that have
affected my family directly.
Before proceeding, let me emphasize relevant points. Firstly, in the
context of our familial structure, there is me, my mom and my father
who works as an Overseas Filipino Worker (OFW). So, one could
only imagine the amount of remittances we receive that has become
an essential part of our household budgets spent on basic needs and
are used as funds either in investing or for increasing consumption. In
over two decades, the rate of Philippine remittances continues to rise
throughout the years thus creating a domino effect towards recipient
families and the country in general (Sicat, n.d). Hence, the means of
overseas cash flow raise our standard of living.
Secondly, the concept of exchange rates arises. The appreciation of
the peso currency is mainly because the dollar itself is weakening
(Olea, 2008). Ironically though, this concept hurt OFWs since it
lowers the peso value of their income. Then again, sharp peso
depreciation can lead to higher inflation rates. Naturally, such cases
depend on the volatility of the exchange rate and percentage of
inflation. Exchange rate has to be right since it gives off significant
impacts not only in itself but to other aggregate factors that may be
affected; further stressing the credible relationship and connection
established between the exchange rate fluctuations and
macroeconomic variables (Perpetua, 2014, p. 167). Every now and
then the government reports to people the achievements made in the
development of the economy. On a similar note, for instance, in the
most recent data, inflation rate increased to 1.3 percent in November
2019 from 0.8 percent in the previous month. Regardless, according to
Sec. Salvador Panelo in his December 2019 statement, the Palace
stresses that for the first 11 months of this year, inflation rate averaged
at 2.5% to which the Department of Trade claimed is still a very
tamed inflation rate. The numbers prove to be favorable since it can
show a major impact on the value of the country’s currency as well as
the rates of foreign exchange it has with the currencies of other
nations. When dealing with exchange rates however, I have come to
understand how relative it can be especially when there are numerous
factors that can impact it.
Thirdly, being an OFW assigned specifically in a cruise ship requires
a contract and these contracts contain terms. When my 02 father goes
home to have his vacation, technically he becomes unemployed up
until the existence of another contract. With that our cash flow
experiences a stagnation. This may prove to be a challenging part for
our family to experience especially when it would take my father
longer vacation durations.
As of the time being, however, my father has no significant and
alarming complaints. Being under the new administration has
prompted our family to experience quite well economically and
financially.
Economics in general help learners like us to deal with global/national
issues in a way that consumers, workers, producers, investors, and
citizens would. In other words, this form of literacy enables us to
interpret events that will either directly/indirectly affect us; a goal for
a democratic society to rely on heavily since an informed citizenry
contributes well to economic decision-making. It frames many choices
we make involving monetary value. This concept is closely similar to
that of what must be done within our household. Knowledge of such
will enable me to think and create decisions that will benefit our
family. Although I do not have full control over financial budgeting
and its flow, I can still help my parents through other recourse such as
monitoring our daily spending and the promotion of savings and
investments. This might prove to be helpful especially when our lives
are influenced by broader economic trends.
In order for me to properly conceptualize the logical implications as to
how the areas of macro economy function, I would like to make use of
an approach (as per requirement) that can lead to a deeper and more
robust understanding that is focused in the real world. Hence, I am to
discuss specific and pressing macroeconomic problems that have
affected my family directly.
Before proceeding, let me emphasize relevant points. Firstly, in the
context of our familial structure, there is me, my mom and my father
who works as an Overseas Filipino Worker (OFW). So, one could
only imagine the amount of remittances we receive that has become
an essential part of our household budgets spent on basic needs and
are used as funds either in investing or for increasing consumption. In
over two decades, the rate of Philippine remittances continues to rise
throughout the years thus creating a domino effect towards recipient
families and the country in general (Sicat, n.d). Hence, the means of
overseas cash flow raise our standard of living.
Secondly, the concept of exchange rates arises. The appreciation of
the peso currency is mainly because the dollar itself is weakening
(Olea, 2008). Ironically though, this concept hurt OFWs since it
lowers the peso value of their income. Then again, sharp peso
depreciation can lead to higher inflation rates. Naturally, such cases
depend on the volatility of the exchange rate and percentage of
inflation. Exchange rate has to be right since it gives off significant
impacts not only in itself but to other aggregate factors that may be
affected; further stressing the credible relationship and connection
established between the exchange rate fluctuations and
macroeconomic variables (Perpetua, 2014, p. 167). Every now and
then the government reports to people the achievements made in the
development of the economy. On a similar note, for instance, in the
most recent data, inflation rate increased to 1.3 percent in November
2019 from 0.8 percent in the previous month. Regardless, according to
Sec. Salvador Panelo in his December 2019 statement, the Palace
stresses that for the first 11 months of this year, inflation rate averaged
at 2.5% to which the Department of Trade claimed is still a very
tamed inflation rate. The numbers prove to be favorable since it can
show a major impact on the value of the country’s currency as well as
the rates of foreign exchange it has with the currencies of other
nations. When dealing with exchange rates however, I have come to
understand how relative it can be especially when there are numerous
factors that can impact it.
Thirdly, being an OFW assigned specifically in a cruise ship requires
a contract and these contracts contain terms. When my 02 father goes
home to have his vacation, technically he becomes unemployed up
until the existence of another contract. With that our cash flow
experiences a stagnation. This may prove to be a challenging part for
our family to experience especially when it would take my father
longer vacation durations.
As of the time being, however, my father has no significant and
alarming complaints. Being under the new administration has
prompted our family to experience quite well economically and
financially.
Economics in general help learners like us to deal with global/national
issues in a way that consumers, workers, producers, investors, and
citizens would. In other words, this form of literacy enables us to
interpret events that will either directly/indirectly affect us; a goal for
a democratic society to rely on heavily since an informed citizenry
contributes well to economic decision-making. It frames many choices
we make involving monetary value. This concept is closely similar to
that of what must be done within our household. Knowledge of such
will enable me to think and create decisions that will benefit our
family. Although I do not have full control over financial budgeting
and its flow, I can still help my parents through other recourse such as
monitoring our daily spending and the promotion of savings and
investments. This might prove to be helpful especially when our lives
are influenced by broader economic trends.
In order for me to properly conceptualize the logical implications as to
how the areas of macro economy function, I would like to make use of
an approach (as per requirement) that can lead to a deeper and more
robust understanding that is focused in the real world. Hence, I am to
discuss specific and pressing macroeconomic problems that have
affected my family directly.
Before proceeding, let me emphasize relevant points. Firstly, in the
context of our familial structure, there is me, my mom and my father
who works as an Overseas Filipino Worker (OFW). So, one could
only imagine the amount of remittances we receive that has become
an essential part of our household budgets spent on basic needs and
are used as funds either in investing or for increasing consumption. In
over two decades, the rate of Philippine remittances continues to rise
throughout the years thus creating a domino effect towards recipient
families and the country in general (Sicat, n.d). Hence, the means of
overseas cash flow raise our standard of living.
Secondly, the concept of exchange rates arises. The appreciation of
the peso currency is mainly because the dollar itself is weakening
(Olea, 2008). Ironically though, this concept hurt OFWs since it
lowers the peso value of their income. Then again, sharp peso
depreciation can lead to higher inflation rates. Naturally, such cases
depend on the volatility of the exchange rate and percentage of
inflation. Exchange rate has to be right since it gives off significant
impacts not only in itself but to other aggregate factors that may be
affected; further stressing the credible relationship and connection
established between the exchange rate fluctuations and
macroeconomic variables (Perpetua, 2014, p. 167). Every now and
then the government reports to people the achievements made in the
development of the economy. On a similar note, for instance, in the
most recent data, inflation rate increased to 1.3 percent in November
2019 from 0.8 percent in the previous month. Regardless, according to
Sec. Salvador Panelo in his December 2019 statement, the Palace
stresses that for the first 11 months of this year, inflation rate averaged
at 2.5% to which the Department of Trade claimed is still a very
tamed inflation rate. The numbers prove to be favorable since it can
show a major impact on the value of the country’s currency as well as
the rates of foreign exchange it has with the currencies of other
nations. When dealing with exchange rates however, I have come to
understand how relative it can be especially when there are numerous
factors that can impact it.
Thirdly, being an OFW assigned specifically in a cruise ship requires
a contract and these contracts contain terms. When my 02 father goes
home to have his vacation, technically he becomes unemployed up
until the existence of another contract. With that our cash flow
experiences a stagnation. This may prove to be a challenging part for
our family to experience especially when it would take my father
longer vacation durations.
As of the time being, however, my father has no significant and
alarming complaints. Being under the new administration has
prompted our family to experience quite well economically and
financially.
Economics in general help learners like us to deal with global/national
issues in a way that consumers, workers, producers, investors, and
citizens would. In other words, this form of literacy enables us to
interpret events that will either directly/indirectly affect us; a goal for
a democratic society to rely on heavily since an informed citizenry
contributes well to economic decision-making. It frames many choices
we make involving monetary value. This concept is closely similar to
that of what must be done within our household. Knowledge of such
will enable me to think and create decisions that will benefit our
family. Although I do not have full control over financial budgeting
and its flow, I can still help my parents through other recourse such as
monitoring our daily spending and the promotion of savings and
investments. This might prove to be helpful especially when our lives
are influenced by broader economic trends.
In order for me to properly conceptualize the logical implications as to
how the areas of macro economy function, I would like to make use of
an approach (as per requirement) that can lead to a deeper and more
robust understanding that is focused in the real world. Hence, I am to
discuss specific and pressing macroeconomic problems that have
affected my family directly.
Before proceeding, let me emphasize relevant points. Firstly, in the
context of our familial structure, there is me, my mom and my father
who works as an Overseas Filipino Worker (OFW). So, one could
only imagine the amount of remittances we receive that has become
an essential part of our household budgets spent on basic needs and
are used as funds either in investing or for increasing consumption. In
over two decades, the rate of Philippine remittances continues to rise
throughout the years thus creating a domino effect towards recipient
families and the country in general (Sicat, n.d). Hence, the means of
overseas cash flow raise our standard of living.
Secondly, the concept of exchange rates arises. The appreciation of
the peso currency is mainly because the dollar itself is weakening
(Olea, 2008). Ironically though, this concept hurt OFWs since it
lowers the peso value of their income. Then again, sharp peso
depreciation can lead to higher inflation rates. Naturally, such cases
depend on the volatility of the exchange rate and percentage of
inflation. Exchange rate has to be right since it gives off significant
impacts not only in itself but to other aggregate factors that may be
affected; further stressing the credible relationship and connection
established between the exchange rate fluctuations and
macroeconomic variables (Perpetua, 2014, p. 167). Every now and
then the government reports to people the achievements made in the
development of the economy. On a similar note, for instance, in the
most recent data, inflation rate increased to 1.3 percent in November
2019 from 0.8 percent in the previous month. Regardless, according to
Sec. Salvador Panelo in his December 2019 statement, the Palace
stresses that for the first 11 months of this year, inflation rate averaged
at 2.5% to which the Department of Trade claimed is still a very
tamed inflation rate. The numbers prove to be favorable since it can
show a major impact on the value of the country’s currency as well as
the rates of foreign exchange it has with the currencies of other
nations. When dealing with exchange rates however, I have come to
understand how relative it can be especially when there are numerous
factors that can impact it.
Thirdly, being an OFW assigned specifically in a cruise ship requires
a contract and these contracts contain terms. When my 02 father goes
home to have his vacation, technically he becomes unemployed up
until the existence of another contract. With that our cash flow
experiences a stagnation. This may prove to be a challenging part for
our family to experience especially when it would take my father
longer vacation durations.
As of the time being, however, my father has no significant and
alarming complaints. Being under the new administration has
prompted our family to experience quite well economically and
financially.
Economics in general help learners like us to deal with global/national
issues in a way that consumers, workers, producers, investors, and
citizens would. In other words, this form of literacy enables us to
interpret events that will either directly/indirectly affect us; a goal for
a democratic society to rely on heavily since an informed citizenry
contributes well to economic decision-making. It frames many choices
we make involving monetary value. This concept is closely similar to
that of what must be done within our household. Knowledge of such
will enable me to think and create decisions that will benefit our
family. Although I do not have full control over financial budgeting
and its flow, I can still help my parents through other recourse such as
monitoring our daily spending and the promotion of savings and
investments. This might prove to be helpful especially when our lives
are influenced by broader economic trends.
In order for me to properly conceptualize the logical implications as to
how the areas of macro economy function, I would like to make use of
an approach (as per requirement) that can lead to a deeper and more
robust understanding that is focused in the real world. Hence, I am to
discuss specific and pressing macroeconomic problems that have
affected my family directly.
Before proceeding, let me emphasize relevant points. Firstly, in the
context of our familial structure, there is me, my mom and my father
who works as an Overseas Filipino Worker (OFW). So, one could
only imagine the amount of remittances we receive that has become
an essential part of our household budgets spent on basic needs and
are used as funds either in investing or for increasing consumption. In
over two decades, the rate of Philippine remittances continues to rise
throughout the years thus creating a domino effect towards recipient
families and the country in general (Sicat, n.d). Hence, the means of
overseas cash flow raise our standard of living.
Secondly, the concept of exchange rates arises. The appreciation of
the peso currency is mainly because the dollar itself is weakening
(Olea, 2008). Ironically though, this concept hurt OFWs since it
lowers the peso value of their income. Then again, sharp peso
depreciation can lead to higher inflation rates. Naturally, such cases
depend on the volatility of the exchange rate and percentage of
inflation. Exchange rate has to be right since it gives off significant
impacts not only in itself but to other aggregate factors that may be
affected; further stressing the credible relationship and connection
established between the exchange rate fluctuations and
macroeconomic variables (Perpetua, 2014, p. 167). Every now and
then the government reports to people the achievements made in the
development of the economy. On a similar note, for instance, in the
most recent data, inflation rate increased to 1.3 percent in November
2019 from 0.8 percent in the previous month. Regardless, according to
Sec. Salvador Panelo in his December 2019 statement, the Palace
stresses that for the first 11 months of this year, inflation rate averaged
at 2.5% to which the Department of Trade claimed is still a very
tamed inflation rate. The numbers prove to be favorable since it can
show a major impact on the value of the country’s currency as well as
the rates of foreign exchange it has with the currencies of other
nations. When dealing with exchange rates however, I have come to
understand how relative it can be especially when there are numerous
factors that can impact it.
Thirdly, being an OFW assigned specifically in a cruise ship requires
a contract and these contracts contain terms. When my 02 father goes
home to have his vacation, technically he becomes unemployed up
until the existence of another contract. With that our cash flow
experiences a stagnation. This may prove to be a challenging part for
our family to experience especially when it would take my father
longer vacation durations.
As of the time being, however, my father has no significant and
alarming complaints. Being under the new administration has
prompted our family to experience quite well economically and
financially.
Economics in general help learners like us to deal with global/national
issues in a way that consumers, workers, producers, investors, and
citizens would. In other words, this form of literacy enables us to
interpret events that will either directly/indirectly affect us; a goal for
a democratic society to rely on heavily since an informed citizenry
contributes well to economic decision-making. It frames many choices
we make involving monetary value. This concept is closely similar to
that of what must be done within our household. Knowledge of such
will enable me to think and create decisions that will benefit our
family. Although I do not have full control over financial budgeting
and its flow, I can still help my parents through other recourse such as
monitoring our daily spending and the promotion of savings and
investments. This might prove to be helpful especially when our lives
are influenced by broader economic trends.
In order for me to properly conceptualize the logical implications as to
how the areas of macro economy function, I would like to make use of
an approach (as per requirement) that can lead to a deeper and more
robust understanding that is focused in the real world. Hence, I am to
discuss specific and pressing macroeconomic problems that have
affected my family directly.
Before proceeding, let me emphasize relevant points. Firstly, in the
context of our familial structure, there is me, my mom and my father
who works as an Overseas Filipino Worker (OFW). So, one could
only imagine the amount of remittances we receive that has become
an essential part of our household budgets spent on basic needs and
are used as funds either in investing or for increasing consumption. In
over two decades, the rate of Philippine remittances continues to rise
throughout the years thus creating a domino effect towards recipient
families and the country in general (Sicat, n.d). Hence, the means of
overseas cash flow raise our standard of living.
Secondly, the concept of exchange rates arises. The appreciation of
the peso currency is mainly because the dollar itself is weakening
(Olea, 2008). Ironically though, this concept hurt OFWs since it
lowers the peso value of their income. Then again, sharp peso
depreciation can lead to higher inflation rates. Naturally, such cases
depend on the volatility of the exchange rate and percentage of
inflation. Exchange rate has to be right since it gives off significant
impacts not only in itself but to other aggregate factors that may be
affected; further stressing the credible relationship and connection
established between the exchange rate fluctuations and
macroeconomic variables (Perpetua, 2014, p. 167). Every now and
then the government reports to people the achievements made in the
development of the economy. On a similar note, for instance, in the
most recent data, inflation rate increased to 1.3 percent in November
2019 from 0.8 percent in the previous month. Regardless, according to
Sec. Salvador Panelo in his December 2019 statement, the Palace
stresses that for the first 11 months of this year, inflation rate averaged
at 2.5% to which the Department of Trade claimed is still a very
tamed inflation rate. The numbers prove to be favorable since it can
show a major impact on the value of the country’s currency as well as
the rates of foreign exchange it has with the currencies of other
nations. When dealing with exchange rates however, I have come to
understand how relative it can be especially when there are numerous
factors that can impact it.
Thirdly, being an OFW assigned specifically in a cruise ship requires
a contract and these contracts contain terms. When my 02 father goes
home to have his vacation, technically he becomes unemployed up
until the existence of another contract. With that our cash flow
experiences a stagnation. This may prove to be a challenging part for
our family to experience especially when it would take my father
longer vacation durations.
As of the time being, however, my father has no significant and
alarming complaints. Being under the new administration has
prompted our family to experience quite well economically and
financially.
Economics in general help learners like us to deal with global/national
issues in a way that consumers, workers, producers, investors, and
citizens would. In other words, this form of literacy enables us to
interpret events that will either directly/indirectly affect us; a goal for
a democratic society to rely on heavily since an informed citizenry
contributes well to economic decision-making. It frames many choices
we make involving monetary value. This concept is closely similar to
that of what must be done within our household. Knowledge of such
will enable me to think and create decisions that will benefit our
family. Although I do not have full control over financial budgeting
and its flow, I can still help my parents through other recourse such as
monitoring our daily spending and the promotion of savings and
investments. This might prove to be helpful especially when our lives
are influenced by broader economic trends.
In order for me to properly conceptualize the logical implications as to
how the areas of macro economy function, I would like to make use of
an approach (as per requirement) that can lead to a deeper and more
robust understanding that is focused in the real world. Hence, I am to
discuss specific and pressing macroeconomic problems that have
affected my family directly.
Before proceeding, let me emphasize relevant points. Firstly, in the
context of our familial structure, there is me, my mom and my father
who works as an Overseas Filipino Worker (OFW). So, one could
only imagine the amount of remittances we receive that has become
an essential part of our household budgets spent on basic needs and
are used as funds either in investing or for increasing consumption. In
over two decades, the rate of Philippine remittances continues to rise
throughout the years thus creating a domino effect towards recipient
families and the country in general (Sicat, n.d). Hence, the means of
overseas cash flow raise our standard of living.
Secondly, the concept of exchange rates arises. The appreciation of
the peso currency is mainly because the dollar itself is weakening
(Olea, 2008). Ironically though, this concept hurt OFWs since it
lowers the peso value of their income. Then again, sharp peso
depreciation can lead to higher inflation rates. Naturally, such cases
depend on the volatility of the exchange rate and percentage of
inflation. Exchange rate has to be right since it gives off significant
impacts not only in itself but to other aggregate factors that may be
affected; further stressing the credible relationship and connection
established between the exchange rate fluctuations and
macroeconomic variables (Perpetua, 2014, p. 167). Every now and
then the government reports to people the achievements made in the
development of the economy. On a similar note, for instance, in the
most recent data, inflation rate increased to 1.3 percent in November
2019 from 0.8 percent in the previous month. Regardless, according to
Sec. Salvador Panelo in his December 2019 statement, the Palace
stresses that for the first 11 months of this year, inflation rate averaged
at 2.5% to which the Department of Trade claimed is still a very
tamed inflation rate. The numbers prove to be favorable since it can
show a major impact on the value of the country’s currency as well as
the rates of foreign exchange it has with the currencies of other
nations. When dealing with exchange rates however, I have come to
understand how relative it can be especially when there are numerous
factors that can impact it.
Thirdly, being an OFW assigned specifically in a cruise ship requires
a contract and these contracts contain terms. When my 02 father goes
home to have his vacation, technically he becomes unemployed up
until the existence of another contract. With that our cash flow
experiences a stagnation. This may prove to be a challenging part for
our family to experience especially when it would take my father
longer vacation durations.
As of the time being, however, my father has no significant and
alarming complaints. Being under the new administration has
prompted our family to experience quite well economically and
financially.
Economics in general help learners like us to deal with global/national
issues in a way that consumers, workers, producers, investors, and
citizens would. In other words, this form of literacy enables us to
interpret events that will either directly/indirectly affect us; a goal for
a democratic society to rely on heavily since an informed citizenry
contributes well to economic decision-making. It frames many choices
we make involving monetary value. This concept is closely similar to
that of what must be done within our household. Knowledge of such
will enable me to think and create decisions that will benefit our
family. Although I do not have full control over financial budgeting
and its flow, I can still help my parents through other recourse such as
monitoring our daily spending and the promotion of savings and
investments. This might prove to be helpful especially when our lives
are influenced by broader economic trends.
In order for me to properly conceptualize the logical implications as to
how the areas of macro economy function, I would like to make use of
an approach (as per requirement) that can lead to a deeper and more
robust understanding that is focused in the real world. Hence, I am to
discuss specific and pressing macroeconomic problems that have
affected my family directly.
Before proceeding, let me emphasize relevant points. Firstly, in the
context of our familial structure, there is me, my mom and my father
who works as an Overseas Filipino Worker (OFW). So, one could
only imagine the amount of remittances we receive that has become
an essential part of our household budgets spent on basic needs and
are used as funds either in investing or for increasing consumption. In
over two decades, the rate of Philippine remittances continues to rise
throughout the years thus creating a domino effect towards recipient
families and the country in general (Sicat, n.d). Hence, the means of
overseas cash flow raise our standard of living.
Secondly, the concept of exchange rates arises. The appreciation of
the peso currency is mainly because the dollar itself is weakening
(Olea, 2008). Ironically though, this concept hurt OFWs since it
lowers the peso value of their income. Then again, sharp peso
depreciation can lead to higher inflation rates. Naturally, such cases
depend on the volatility of the exchange rate and percentage of
inflation. Exchange rate has to be right since it gives off significant
impacts not only in itself but to other aggregate factors that may be
affected; further stressing the credible relationship and connection
established between the exchange rate fluctuations and
macroeconomic variables (Perpetua, 2014, p. 167). Every now and
then the government reports to people the achievements made in the
development of the economy. On a similar note, for instance, in the
most recent data, inflation rate increased to 1.3 percent in November
2019 from 0.8 percent in the previous month. Regardless, according to
Sec. Salvador Panelo in his December 2019 statement, the Palace
stresses that for the first 11 months of this year, inflation rate averaged
at 2.5% to which the Department of Trade claimed is still a very
tamed inflation rate. The numbers prove to be favorable since it can
show a major impact on the value of the country’s currency as well as
the rates of foreign exchange it has with the currencies of other
nations. When dealing with exchange rates however, I have come to
understand how relative it can be especially when there are numerous
factors that can impact it.
Thirdly, being an OFW assigned specifically in a cruise ship requires
a contract and these contracts contain terms. When my 02 father goes
home to have his vacation, technically he becomes unemployed up
until the existence of another contract. With that our cash flow
experiences a stagnation. This may prove to be a challenging part for
our family to experience especially when it would take my father
longer vacation durations.
As of the time being, however, my father has no significant and
alarming complaints. Being under the new administration has
prompted our family to experience quite well economically and
financially.
Economics in general help learners like us to deal with global/national
issues in a way that consumers, workers, producers, investors, and
citizens would. In other words, this form of literacy enables us to
interpret events that will either directly/indirectly affect us; a goal for
a democratic society to rely on heavily since an informed citizenry
contributes well to economic decision-making. It frames many choices
we make involving monetary value. This concept is closely similar to
that of what must be done within our household. Knowledge of such
will enable me to think and create decisions that will benefit our
family. Although I do not have full control over financial budgeting
and its flow, I can still help my parents through other recourse such as
monitoring our daily spending and the promotion of savings and
investments. This might prove to be helpful especially when our lives
are influenced by broader economic trends.
In order for me to properly conceptualize the logical implications as to
how the areas of macro economy function, I would like to make use of
an approach (as per requirement) that can lead to a deeper and more
robust understanding that is focused in the real world. Hence, I am to
discuss specific and pressing macroeconomic problems that have
affected my family directly.
Before proceeding, let me emphasize relevant points. Firstly, in the
context of our familial structure, there is me, my mom and my father
who works as an Overseas Filipino Worker (OFW). So, one could
only imagine the amount of remittances we receive that has become
an essential part of our household budgets spent on basic needs and
are used as funds either in investing or for increasing consumption. In
over two decades, the rate of Philippine remittances continues to rise
throughout the years thus creating a domino effect towards recipient
families and the country in general (Sicat, n.d). Hence, the means of
overseas cash flow raise our standard of living.
Secondly, the concept of exchange rates arises. The appreciation of
the peso currency is mainly because the dollar itself is weakening
(Olea, 2008). Ironically though, this concept hurt OFWs since it
lowers the peso value of their income. Then again, sharp peso
depreciation can lead to higher inflation rates. Naturally, such cases
depend on the volatility of the exchange rate and percentage of
inflation. Exchange rate has to be right since it gives off significant
impacts not only in itself but to other aggregate factors that may be
affected; further stressing the credible relationship and connection
established between the exchange rate fluctuations and
macroeconomic variables (Perpetua, 2014, p. 167). Every now and
then the government reports to people the achievements made in the
development of the economy. On a similar note, for instance, in the
most recent data, inflation rate increased to 1.3 percent in November
2019 from 0.8 percent in the previous month. Regardless, according to
Sec. Salvador Panelo in his December 2019 statement, the Palace
stresses that for the first 11 months of this year, inflation rate averaged
at 2.5% to which the Department of Trade claimed is still a very
tamed inflation rate. The numbers prove to be favorable since it can
show a major impact on the value of the country’s currency as well as
the rates of foreign exchange it has with the currencies of other
nations. When dealing with exchange rates however, I have come to
understand how relative it can be especially when there are numerous
factors that can impact it.
Thirdly, being an OFW assigned specifically in a cruise ship requires
a contract and these contracts contain terms. When my 02 father goes
home to have his vacation, technically he becomes unemployed up
until the existence of another contract. With that our cash flow
experiences a stagnation. This may prove to be a challenging part for
our family to experience especially when it would take my father
longer vacation durations.
As of the time being, however, my father has no significant and
alarming complaints. Being under the new administration has
prompted our family to experience quite well economically and
financially.
Economics in general help learners like us to deal with global/national
issues in a way that consumers, workers, producers, investors, and
citizens would. In other words, this form of literacy enables us to
interpret events that will either directly/indirectly affect us; a goal for
a democratic society to rely on heavily since an informed citizenry
contributes well to economic decision-making. It frames many choices
we make involving monetary value. This concept is closely similar to
that of what must be done within our household. Knowledge of such
will enable me to think and create decisions that will benefit our
family. Although I do not have full control over financial budgeting
and its flow, I can still help my parents through other recourse such as
monitoring our daily spending and the promotion of savings and
investments. This might prove to be helpful especially when our lives
are influenced by broader economic trends.
In order for me to properly conceptualize the logical implications as to
how the areas of macro economy function, I would like to make use of
an approach (as per requirement) that can lead to a deeper and more
robust understanding that is focused in the real world. Hence, I am to
discuss specific and pressing macroeconomic problems that have
affected my family directly.
Before proceeding, let me emphasize relevant points. Firstly, in the
context of our familial structure, there is me, my mom and my father
who works as an Overseas Filipino Worker (OFW). So, one could
only imagine the amount of remittances we receive that has become
an essential part of our household budgets spent on basic needs and
are used as funds either in investing or for increasing consumption. In
over two decades, the rate of Philippine remittances continues to rise
throughout the years thus creating a domino effect towards recipient
families and the country in general (Sicat, n.d). Hence, the means of
overseas cash flow raise our standard of living.
Secondly, the concept of exchange rates arises. The appreciation of
the peso currency is mainly because the dollar itself is weakening
(Olea, 2008). Ironically though, this concept hurt OFWs since it
lowers the peso value of their income. Then again, sharp peso
depreciation can lead to higher inflation rates. Naturally, such cases
depend on the volatility of the exchange rate and percentage of
inflation. Exchange rate has to be right since it gives off significant
impacts not only in itself but to other aggregate factors that may be
affected; further stressing the credible relationship and connection
established between the exchange rate fluctuations and
macroeconomic variables (Perpetua, 2014, p. 167). Every now and
then the government reports to people the achievements made in the
development of the economy. On a similar note, for instance, in the
most recent data, inflation rate increased to 1.3 percent in November
2019 from 0.8 percent in the previous month. Regardless, according to
Sec. Salvador Panelo in his December 2019 statement, the Palace
stresses that for the first 11 months of this year, inflation rate averaged
at 2.5% to which the Department of Trade claimed is still a very
tamed inflation rate. The numbers prove to be favorable since it can
show a major impact on the value of the country’s currency as well as
the rates of foreign exchange it has with the currencies of other
nations. When dealing with exchange rates however, I have come to
understand how relative it can be especially when there are numerous
factors that can impact it.
Thirdly, being an OFW assigned specifically in a cruise ship requires
a contract and these contracts contain terms. When my 02 father goes
home to have his vacation, technically he becomes unemployed up
until the existence of another contract. With that our cash flow
experiences a stagnation. This may prove to be a challenging part for
our family to experience especially when it would take my father
longer vacation durations.
As of the time being, however, my father has no significant and
alarming complaints. Being under the new administration has
prompted our family to experience quite well economically and
financially.
Economics in general help learners like us to deal with global/national
issues in a way that consumers, workers, producers, investors, and
citizens would. In other words, this form of literacy enables us to
interpret events that will either directly/indirectly affect us; a goal for
a democratic society to rely on heavily since an informed citizenry
contributes well to economic decision-making. It frames many choices
we make involving monetary value. This concept is closely similar to
that of what must be done within our household. Knowledge of such
will enable me to think and create decisions that will benefit our
family. Although I do not have full control over financial budgeting
and its flow, I can still help my parents through other recourse such as
monitoring our daily spending and the promotion of savings and
investments. This might prove to be helpful especially when our lives
are influenced by broader economic trends.
In order for me to properly conceptualize the logical implications as to
how the areas of macro economy function, I would like to make use of
an approach (as per requirement) that can lead to a deeper and more
robust understanding that is focused in the real world. Hence, I am to
discuss specific and pressing macroeconomic problems that have
affected my family directly.
Before proceeding, let me emphasize relevant points. Firstly, in the
context of our familial structure, there is me, my mom and my father
who works as an Overseas Filipino Worker (OFW). So, one could
only imagine the amount of remittances we receive that has become
an essential part of our household budgets spent on basic needs and
are used as funds either in investing or for increasing consumption. In
over two decades, the rate of Philippine remittances continues to rise
throughout the years thus creating a domino effect towards recipient
families and the country in general (Sicat, n.d). Hence, the means of
overseas cash flow raise our standard of living.
Secondly, the concept of exchange rates arises. The appreciation of
the peso currency is mainly because the dollar itself is weakening
(Olea, 2008). Ironically though, this concept hurt OFWs since it
lowers the peso value of their income. Then again, sharp peso
depreciation can lead to higher inflation rates. Naturally, such cases
depend on the volatility of the exchange rate and percentage of
inflation. Exchange rate has to be right since it gives off significant
impacts not only in itself but to other aggregate factors that may be
affected; further stressing the credible relationship and connection
established between the exchange rate fluctuations and
macroeconomic variables (Perpetua, 2014, p. 167). Every now and
then the government reports to people the achievements made in the
development of the economy. On a similar note, for instance, in the
most recent data, inflation rate increased to 1.3 percent in November
2019 from 0.8 percent in the previous month. Regardless, according to
Sec. Salvador Panelo in his December 2019 statement, the Palace
stresses that for the first 11 months of this year, inflation rate averaged
at 2.5% to which the Department of Trade claimed is still a very
tamed inflation rate. The numbers prove to be favorable since it can
show a major impact on the value of the country’s currency as well as
the rates of foreign exchange it has with the currencies of other
nations. When dealing with exchange rates however, I have come to
understand how relative it can be especially when there are numerous
factors that can impact it.
Thirdly, being an OFW assigned specifically in a cruise ship requires
a contract and these contracts contain terms. When my 02 father goes
home to have his vacation, technically he becomes unemployed up
until the existence of another contract. With that our cash flow
experiences a stagnation. This may prove to be a challenging part for
our family to experience especially when it would take my father
longer vacation durations.
As of the time being, however, my father has no significant and
alarming complaints. Being under the new administration has
prompted our family to experience quite well economically and
financially.
Economics in general help learners like us to deal with global/national
issues in a way that consumers, workers, producers, investors, and
citizens would. In other words, this form of literacy enables us to
interpret events that will either directly/indirectly affect us; a goal for
a democratic society to rely on heavily since an informed citizenry
contributes well to economic decision-making. It frames many choices
we make involving monetary value. This concept is closely similar to
that of what must be done within our household. Knowledge of such
will enable me to think and create decisions that will benefit our
family. Although I do not have full control over financial budgeting
and its flow, I can still help my parents through other recourse such as
monitoring our daily spending and the promotion of savings and
investments. This might prove to be helpful especially when our lives
are influenced by broader economic trends.
In order for me to properly conceptualize the logical implications as to
how the areas of macro economy function, I would like to make use of
an approach (as per requirement) that can lead to a deeper and more
robust understanding that is focused in the real world. Hence, I am to
discuss specific and pressing macroeconomic problems that have
affected my family directly.
Before proceeding, let me emphasize relevant points. Firstly, in the
context of our familial structure, there is me, my mom and my father
who works as an Overseas Filipino Worker (OFW). So, one could
only imagine the amount of remittances we receive that has become
an essential part of our household budgets spent on basic needs and
are used as funds either in investing or for increasing consumption. In
over two decades, the rate of Philippine remittances continues to rise
throughout the years thus creating a domino effect towards recipient
families and the country in general (Sicat, n.d). Hence, the means of
overseas cash flow raise our standard of living.
Secondly, the concept of exchange rates arises. The appreciation of
the peso currency is mainly because the dollar itself is weakening
(Olea, 2008). Ironically though, this concept hurt OFWs since it
lowers the peso value of their income. Then again, sharp peso
depreciation can lead to higher inflation rates. Naturally, such cases
depend on the volatility of the exchange rate and percentage of
inflation. Exchange rate has to be right since it gives off significant
impacts not only in itself but to other aggregate factors that may be
affected; further stressing the credible relationship and connection
established between the exchange rate fluctuations and
macroeconomic variables (Perpetua, 2014, p. 167). Every now and
then the government reports to people the achievements made in the
development of the economy. On a similar note, for instance, in the
most recent data, inflation rate increased to 1.3 percent in November
2019 from 0.8 percent in the previous month. Regardless, according to
Sec. Salvador Panelo in his December 2019 statement, the Palace
stresses that for the first 11 months of this year, inflation rate averaged
at 2.5% to which the Department of Trade claimed is still a very
tamed inflation rate. The numbers prove to be favorable since it can
show a major impact on the value of the country’s currency as well as
the rates of foreign exchange it has with the currencies of other
nations. When dealing with exchange rates however, I have come to
understand how relative it can be especially when there are numerous
factors that can impact it.
Thirdly, being an OFW assigned specifically in a cruise ship requires
a contract and these contracts contain terms. When my 02 father goes
home to have his vacation, technically he becomes unemployed up
until the existence of another contract. With that our cash flow
experiences a stagnation. This may prove to be a challenging part for
our family to experience especially when it would take my father
longer vacation durations.
As of the time being, however, my father has no significant and
alarming complaints. Being under the new administration has
prompted our family to experience quite well economically and
financially.
Economics in general help learners like us to deal with global/national
issues in a way that consumers, workers, producers, investors, and
citizens would. In other words, this form of literacy enables us to
interpret events that will either directly/indirectly affect us; a goal for
a democratic society to rely on heavily since an informed citizenry
contributes well to economic decision-making. It frames many choices
we make involving monetary value. This concept is closely similar to
that of what must be done within our household. Knowledge of such
will enable me to think and create decisions that will benefit our
family. Although I do not have full control over financial budgeting
and its flow, I can still help my parents through other recourse such as
monitoring our daily spending and the promotion of savings and
investments. This might prove to be helpful especially when our lives
are influenced by broader economic trends.
In order for me to properly conceptualize the logical implications as to
how the areas of macro economy function, I would like to make use of
an approach (as per requirement) that can lead to a deeper and more
robust understanding that is focused in the real world. Hence, I am to
discuss specific and pressing macroeconomic problems that have
affected my family directly.
Before proceeding, let me emphasize relevant points. Firstly, in the
context of our familial structure, there is me, my mom and my father
who works as an Overseas Filipino Worker (OFW). So, one could
only imagine the amount of remittances we receive that has become
an essential part of our household budgets spent on basic needs and
are used as funds either in investing or for increasing consumption. In
over two decades, the rate of Philippine remittances continues to rise
throughout the years thus creating a domino effect towards recipient
families and the country in general (Sicat, n.d). Hence, the means of
overseas cash flow raise our standard of living.
Secondly, the concept of exchange rates arises. The appreciation of
the peso currency is mainly because the dollar itself is weakening
(Olea, 2008). Ironically though, this concept hurt OFWs since it
lowers the peso value of their income. Then again, sharp peso
depreciation can lead to higher inflation rates. Naturally, such cases
depend on the volatility of the exchange rate and percentage of
inflation. Exchange rate has to be right since it gives off significant
impacts not only in itself but to other aggregate factors that may be
affected; further stressing the credible relationship and connection
established between the exchange rate fluctuations and
macroeconomic variables (Perpetua, 2014, p. 167). Every now and
then the government reports to people the achievements made in the
development of the economy. On a similar note, for instance, in the
most recent data, inflation rate increased to 1.3 percent in November
2019 from 0.8 percent in the previous month. Regardless, according to
Sec. Salvador Panelo in his December 2019 statement, the Palace
stresses that for the first 11 months of this year, inflation rate averaged
at 2.5% to which the Department of Trade claimed is still a very
tamed inflation rate. The numbers prove to be favorable since it can
show a major impact on the value of the country’s currency as well as
the rates of foreign exchange it has with the currencies of other
nations. When dealing with exchange rates however, I have come to
understand how relative it can be especially when there are numerous
factors that can impact it.
Thirdly, being an OFW assigned specifically in a cruise ship requires
a contract and these contracts contain terms. When my 02 father goes
home to have his vacation, technically he becomes unemployed up
until the existence of another contract. With that our cash flow
experiences a stagnation. This may prove to be a challenging part for
our family to experience especially when it would take my father
longer vacation durations.
As of the time being, however, my father has no significant and
alarming complaints. Being under the new administration has
prompted our family to experience quite well economically and
financially.
Economics in general help learners like us to deal with global/national
issues in a way that consumers, workers, producers, investors, and
citizens would. In other words, this form of literacy enables us to
interpret events that will either directly/indirectly affect us; a goal for
a democratic society to rely on heavily since an informed citizenry
contributes well to economic decision-making. It frames many choices
we make involving monetary value. This concept is closely similar to
that of what must be done within our household. Knowledge of such
will enable me to think and create decisions that will benefit our
family. Although I do not have full control over financial budgeting
and its flow, I can still help my parents through other recourse such as
monitoring our daily spending and the promotion of savings and
investments. This might prove to be helpful especially when our lives
are influenced by broader economic trends.
In order for me to properly conceptualize the logical implications as to
how the areas of macro economy function, I would like to make use of
an approach (as per requirement) that can lead to a deeper and more
robust understanding that is focused in the real world. Hence, I am to
discuss specific and pressing macroeconomic problems that have
affected my family directly.
Before proceeding, let me emphasize relevant points. Firstly, in the
context of our familial structure, there is me, my mom and my father
who works as an Overseas Filipino Worker (OFW). So, one could
only imagine the amount of remittances we receive that has become
an essential part of our household budgets spent on basic needs and
are used as funds either in investing or for increasing consumption. In
over two decades, the rate of Philippine remittances continues to rise
throughout the years thus creating a domino effect towards recipient
families and the country in general (Sicat, n.d). Hence, the means of
overseas cash flow raise our standard of living.
Secondly, the concept of exchange rates arises. The appreciation of
the peso currency is mainly because the dollar itself is weakening
(Olea, 2008). Ironically though, this concept hurt OFWs since it
lowers the peso value of their income. Then again, sharp peso
depreciation can lead to higher inflation rates. Naturally, such cases
depend on the volatility of the exchange rate and percentage of
inflation. Exchange rate has to be right since it gives off significant
impacts not only in itself but to other aggregate factors that may be
affected; further stressing the credible relationship and connection
established between the exchange rate fluctuations and
macroeconomic variables (Perpetua, 2014, p. 167). Every now and
then the government reports to people the achievements made in the
development of the economy. On a similar note, for instance, in the
most recent data, inflation rate increased to 1.3 percent in November
2019 from 0.8 percent in the previous month. Regardless, according to
Sec. Salvador Panelo in his December 2019 statement, the Palace
stresses that for the first 11 months of this year, inflation rate averaged
at 2.5% to which the Department of Trade claimed is still a very
tamed inflation rate. The numbers prove to be favorable since it can
show a major impact on the value of the country’s currency as well as
the rates of foreign exchange it has with the currencies of other
nations. When dealing with exchange rates however, I have come to
understand how relative it can be especially when there are numerous
factors that can impact it.
Thirdly, being an OFW assigned specifically in a cruise ship requires
a contract and these contracts contain terms. When my 02 father goes
home to have his vacation, technically he becomes unemployed up
until the existence of another contract. With that our cash flow
experiences a stagnation. This may prove to be a challenging part for
our family to experience especially when it would take my father
longer vacation durations.
As of the time being, however, my father has no significant and
alarming complaints. Being under the new administration has
prompted our family to experience quite well economically and
financially.
Economics in general help learners like us to deal with global/national
issues in a way that consumers, workers, producers, investors, and
citizens would. In other words, this form of literacy enables us to
interpret events that will either directly/indirectly affect us; a goal for
a democratic society to rely on heavily since an informed citizenry
contributes well to economic decision-making. It frames many choices
we make involving monetary value. This concept is closely similar to
that of what must be done within our household. Knowledge of such
will enable me to think and create decisions that will benefit our
family. Although I do not have full control over financial budgeting
and its flow, I can still help my parents through other recourse such as
monitoring our daily spending and the promotion of savings and
investments. This might prove to be helpful especially when our lives
are influenced by broader economic trends.
In order for me to properly conceptualize the logical implications as to
how the areas of macro economy function, I would like to make use of
an approach (as per requirement) that can lead to a deeper and more
robust understanding that is focused in the real world. Hence, I am to
discuss specific and pressing macroeconomic problems that have
affected my family directly.
Before proceeding, let me emphasize relevant points. Firstly, in the
context of our familial structure, there is me, my mom and my father
who works as an Overseas Filipino Worker (OFW). So, one could
only imagine the amount of remittances we receive that has become
an essential part of our household budgets spent on basic needs and
are used as funds either in investing or for increasing consumption. In
over two decades, the rate of Philippine remittances continues to rise
throughout the years thus creating a domino effect towards recipient
families and the country in general (Sicat, n.d). Hence, the means of
overseas cash flow raise our standard of living.
Secondly, the concept of exchange rates arises. The appreciation of
the peso currency is mainly because the dollar itself is weakening
(Olea, 2008). Ironically though, this concept hurt OFWs since it
lowers the peso value of their income. Then again, sharp peso
depreciation can lead to higher inflation rates. Naturally, such cases
depend on the volatility of the exchange rate and percentage of
inflation. Exchange rate has to be right since it gives off significant
impacts not only in itself but to other aggregate factors that may be
affected; further stressing the credible relationship and connection
established between the exchange rate fluctuations and
macroeconomic variables (Perpetua, 2014, p. 167). Every now and
then the government reports to people the achievements made in the
development of the economy. On a similar note, for instance, in the
most recent data, inflation rate increased to 1.3 percent in November
2019 from 0.8 percent in the previous month. Regardless, according to
Sec. Salvador Panelo in his December 2019 statement, the Palace
stresses that for the first 11 months of this year, inflation rate averaged
at 2.5% to which the Department of Trade claimed is still a very
tamed inflation rate. The numbers prove to be favorable since it can
show a major impact on the value of the country’s currency as well as
the rates of foreign exchange it has with the currencies of other
nations. When dealing with exchange rates however, I have come to
understand how relative it can be especially when there are numerous
factors that can impact it.
Thirdly, being an OFW assigned specifically in a cruise ship requires
a contract and these contracts contain terms. When my 02 father goes
home to have his vacation, technically he becomes unemployed up
until the existence of another contract. With that our cash flow
experiences a stagnation. This may prove to be a challenging part for
our family to experience especially when it would take my father
longer vacation durations.
As of the time being, however, my father has no significant and
alarming complaints. Being under the new administration has
prompted our family to experience quite well economically and
financially.
Economics in general help learners like us to deal with global/national
issues in a way that consumers, workers, producers, investors, and
citizens would. In other words, this form of literacy enables us to
interpret events that will either directly/indirectly affect us; a goal for
a democratic society to rely on heavily since an informed citizenry
contributes well to economic decision-making. It frames many choices
we make involving monetary value. This concept is closely similar to
that of what must be done within our household. Knowledge of such
will enable me to think and create decisions that will benefit our
family. Although I do not have full control over financial budgeting
and its flow, I can still help my parents through other recourse such as
monitoring our daily spending and the promotion of savings and
investments. This might prove to be helpful especially when our lives
are influenced by broader economic trends.
In order for me to properly conceptualize the logical implications as to
how the areas of macro economy function, I would like to make use of
an approach (as per requirement) that can lead to a deeper and more
robust understanding that is focused in the real world. Hence, I am to
discuss specific and pressing macroeconomic problems that have
affected my family directly.
Before proceeding, let me emphasize relevant points. Firstly, in the
context of our familial structure, there is me, my mom and my father
who works as an Overseas Filipino Worker (OFW). So, one could
only imagine the amount of remittances we receive that has become
an essential part of our household budgets spent on basic needs and
are used as funds either in investing or for increasing consumption. In
over two decades, the rate of Philippine remittances continues to rise
throughout the years thus creating a domino effect towards recipient
families and the country in general (Sicat, n.d). Hence, the means of
overseas cash flow raise our standard of living.
Secondly, the concept of exchange rates arises. The appreciation of
the peso currency is mainly because the dollar itself is weakening
(Olea, 2008). Ironically though, this concept hurt OFWs since it
lowers the peso value of their income. Then again, sharp peso
depreciation can lead to higher inflation rates. Naturally, such cases
depend on the volatility of the exchange rate and percentage of
inflation. Exchange rate has to be right since it gives off significant
impacts not only in itself but to other aggregate factors that may be
affected; further stressing the credible relationship and connection
established between the exchange rate fluctuations and
macroeconomic variables (Perpetua, 2014, p. 167). Every now and
then the government reports to people the achievements made in the
development of the economy. On a similar note, for instance, in the
most recent data, inflation rate increased to 1.3 percent in November
2019 from 0.8 percent in the previous month. Regardless, according to
Sec. Salvador Panelo in his December 2019 statement, the Palace
stresses that for the first 11 months of this year, inflation rate averaged
at 2.5% to which the Department of Trade claimed is still a very
tamed inflation rate. The numbers prove to be favorable since it can
show a major impact on the value of the country’s currency as well as
the rates of foreign exchange it has with the currencies of other
nations. When dealing with exchange rates however, I have come to
understand how relative it can be especially when there are numerous
factors that can impact it.
Thirdly, being an OFW assigned specifically in a cruise ship requires
a contract and these contracts contain terms. When my 02 father goes
home to have his vacation, technically he becomes unemployed up
until the existence of another contract. With that our cash flow
experiences a stagnation. This may prove to be a challenging part for
our family to experience especially when it would take my father
longer vacation durations.
As of the time being, however, my father has no significant and
alarming complaints. Being under the new administration has
prompted our family to experience quite well economically and
financially.
Economics in general help learners like us to deal with global/national
issues in a way that consumers, workers, producers, investors, and
citizens would. In other words, this form of literacy enables us to
interpret events that will either directly/indirectly affect us; a goal for
a democratic society to rely on heavily since an informed citizenry
contributes well to economic decision-making. It frames many choices
we make involving monetary value. This concept is closely similar to
that of what must be done within our household. Knowledge of such
will enable me to think and create decisions that will benefit our
family. Although I do not have full control over financial budgeting
and its flow, I can still help my parents through other recourse such as
monitoring our daily spending and the promotion of savings and
investments. This might prove to be helpful especially when our lives
are influenced by broader economic trends.
In order for me to properly conceptualize the logical implications as to
how the areas of macro economy function, I would like to make use of
an approach (as per requirement) that can lead to a deeper and more
robust understanding that is focused in the real world. Hence, I am to
discuss specific and pressing macroeconomic problems that have
affected my family directly.
Before proceeding, let me emphasize relevant points. Firstly, in the
context of our familial structure, there is me, my mom and my father
who works as an Overseas Filipino Worker (OFW). So, one could
only imagine the amount of remittances we receive that has become
an essential part of our household budgets spent on basic needs and
are used as funds either in investing or for increasing consumption. In
over two decades, the rate of Philippine remittances continues to rise
throughout the years thus creating a domino effect towards recipient
families and the country in general (Sicat, n.d). Hence, the means of
overseas cash flow raise our standard of living.
Secondly, the concept of exchange rates arises. The appreciation of
the peso currency is mainly because the dollar itself is weakening
(Olea, 2008). Ironically though, this concept hurt OFWs since it
lowers the peso value of their income. Then again, sharp peso
depreciation can lead to higher inflation rates. Naturally, such cases
depend on the volatility of the exchange rate and percentage of
inflation. Exchange rate has to be right since it gives off significant
impacts not only in itself but to other aggregate factors that may be
affected; further stressing the credible relationship and connection
established between the exchange rate fluctuations and
macroeconomic variables (Perpetua, 2014, p. 167). Every now and
then the government reports to people the achievements made in the
development of the economy. On a similar note, for instance, in the
most recent data, inflation rate increased to 1.3 percent in November
2019 from 0.8 percent in the previous month. Regardless, according to
Sec. Salvador Panelo in his December 2019 statement, the Palace
stresses that for the first 11 months of this year, inflation rate averaged
at 2.5% to which the Department of Trade claimed is still a very
tamed inflation rate. The numbers prove to be favorable since it can
show a major impact on the value of the country’s currency as well as
the rates of foreign exchange it has with the currencies of other
nations. When dealing with exchange rates however, I have come to
understand how relative it can be especially when there are numerous
factors that can impact it.
Thirdly, being an OFW assigned specifically in a cruise ship requires
a contract and these contracts contain terms. When my 02 father goes
home to have his vacation, technically he becomes unemployed up
until the existence of another contract. With that our cash flow
experiences a stagnation. This may prove to be a challenging part for
our family to experience especially when it would take my father
longer vacation durations.
As of the time being, however, my father has no significant and
alarming complaints. Being under the new administration has
prompted our family to experience quite well economically and
financially.
Economics in general help learners like us to deal with global/national
issues in a way that consumers, workers, producers, investors, and
citizens would. In other words, this form of literacy enables us to
interpret events that will either directly/indirectly affect us; a goal for
a democratic society to rely on heavily since an informed citizenry
contributes well to economic decision-making. It frames many choices
we make involving monetary value. This concept is closely similar to
that of what must be done within our household. Knowledge of such
will enable me to think and create decisions that will benefit our
family. Although I do not have full control over financial budgeting
and its flow, I can still help my parents through other recourse such as
monitoring our daily spending and the promotion of savings and
investments. This might prove to be helpful especially when our lives
are influenced by broader economic trends.
In order for me to properly conceptualize the logical implications as to
how the areas of macro economy function, I would like to make use of
an approach (as per requirement) that can lead to a deeper and more
robust understanding that is focused in the real world. Hence, I am to
discuss specific and pressing macroeconomic problems that have
affected my family directly.
Before proceeding, let me emphasize relevant points. Firstly, in the
context of our familial structure, there is me, my mom and my father
who works as an Overseas Filipino Worker (OFW). So, one could
only imagine the amount of remittances we receive that has become
an essential part of our household budgets spent on basic needs and
are used as funds either in investing or for increasing consumption. In
over two decades, the rate of Philippine remittances continues to rise
throughout the years thus creating a domino effect towards recipient
families and the country in general (Sicat, n.d). Hence, the means of
overseas cash flow raise our standard of living.
Secondly, the concept of exchange rates arises. The appreciation of
the peso currency is mainly because the dollar itself is weakening
(Olea, 2008). Ironically though, this concept hurt OFWs since it
lowers the peso value of their income. Then again, sharp peso
depreciation can lead to higher inflation rates. Naturally, such cases
depend on the volatility of the exchange rate and percentage of
inflation. Exchange rate has to be right since it gives off significant
impacts not only in itself but to other aggregate factors that may be
affected; further stressing the credible relationship and connection
established between the exchange rate fluctuations and
macroeconomic variables (Perpetua, 2014, p. 167). Every now and
then the government reports to people the achievements made in the
development of the economy. On a similar note, for instance, in the
most recent data, inflation rate increased to 1.3 percent in November
2019 from 0.8 percent in the previous month. Regardless, according to
Sec. Salvador Panelo in his December 2019 statement, the Palace
stresses that for the first 11 months of this year, inflation rate averaged
at 2.5% to which the Department of Trade claimed is still a very
tamed inflation rate. The numbers prove to be favorable since it can
show a major impact on the value of the country’s currency as well as
the rates of foreign exchange it has with the currencies of other
nations. When dealing with exchange rates however, I have come to
understand how relative it can be especially when there are numerous
factors that can impact it.
Thirdly, being an OFW assigned specifically in a cruise ship requires
a contract and these contracts contain terms. When my 02 father goes
home to have his vacation, technically he becomes unemployed up
until the existence of another contract. With that our cash flow
experiences a stagnation. This may prove to be a challenging part for
our family to experience especially when it would take my father
longer vacation durations.
As of the time being, however, my father has no significant and
alarming complaints. Being under the new administration has
prompted our family to experience quite well economically and
financially.
Economics in general help learners like us to deal with global/national
issues in a way that consumers, workers, producers, investors, and
citizens would. In other words, this form of literacy enables us to
interpret events that will either directly/indirectly affect us; a goal for
a democratic society to rely on heavily since an informed citizenry
contributes well to economic decision-making. It frames many choices
we make involving monetary value. This concept is closely similar to
that of what must be done within our household. Knowledge of such
will enable me to think and create decisions that will benefit our
family. Although I do not have full control over financial budgeting
and its flow, I can still help my parents through other recourse such as
monitoring our daily spending and the promotion of savings and
investments. This might prove to be helpful especially when our lives
are influenced by broader economic trends.
In order for me to properly conceptualize the logical implications as to
how the areas of macro economy function, I would like to make use of
an approach (as per requirement) that can lead to a deeper and more
robust understanding that is focused in the real world. Hence, I am to
discuss specific and pressing macroeconomic problems that have
affected my family directly.
Before proceeding, let me emphasize relevant points. Firstly, in the
context of our familial structure, there is me, my mom and my father
who works as an Overseas Filipino Worker (OFW). So, one could
only imagine the amount of remittances we receive that has become
an essential part of our household budgets spent on basic needs and
are used as funds either in investing or for increasing consumption. In
over two decades, the rate of Philippine remittances continues to rise
throughout the years thus creating a domino effect towards recipient
families and the country in general (Sicat, n.d). Hence, the means of
overseas cash flow raise our standard of living.
Secondly, the concept of exchange rates arises. The appreciation of
the peso currency is mainly because the dollar itself is weakening
(Olea, 2008). Ironically though, this concept hurt OFWs since it
lowers the peso value of their income. Then again, sharp peso
depreciation can lead to higher inflation rates. Naturally, such cases
depend on the volatility of the exchange rate and percentage of
inflation. Exchange rate has to be right since it gives off significant
impacts not only in itself but to other aggregate factors that may be
affected; further stressing the credible relationship and connection
established between the exchange rate fluctuations and
macroeconomic variables (Perpetua, 2014, p. 167). Every now and
then the government reports to people the achievements made in the
development of the economy. On a similar note, for instance, in the
most recent data, inflation rate increased to 1.3 percent in November
2019 from 0.8 percent in the previous month. Regardless, according to
Sec. Salvador Panelo in his December 2019 statement, the Palace
stresses that for the first 11 months of this year, inflation rate averaged
at 2.5% to which the Department of Trade claimed is still a very
tamed inflation rate. The numbers prove to be favorable since it can
show a major impact on the value of the country’s currency as well as
the rates of foreign exchange it has with the currencies of other
nations. When dealing with exchange rates however, I have come to
understand how relative it can be especially when there are numerous
factors that can impact it.
Thirdly, being an OFW assigned specifically in a cruise ship requires
a contract and these contracts contain terms. When my 02 father goes
home to have his vacation, technically he becomes unemployed up
until the existence of another contract. With that our cash flow
experiences a stagnation. This may prove to be a challenging part for
our family to experience especially when it would take my father
longer vacation durations.
As of the time being, however, my father has no significant and
alarming complaints. Being under the new administration has
prompted our family to experience quite well economically and
financially.
Economics in general help learners like us to deal with global/national
issues in a way that consumers, workers, producers, investors, and
citizens would. In other words, this form of literacy enables us to
interpret events that will either directly/indirectly affect us; a goal for
a democratic society to rely on heavily since an informed citizenry
contributes well to economic decision-making. It frames many choices
we make involving monetary value. This concept is closely similar to
that of what must be done within our household. Knowledge of such
will enable me to think and create decisions that will benefit our
family. Although I do not have full control over financial budgeting
and its flow, I can still help my parents through other recourse such as
monitoring our daily spending and the promotion of savings and
investments. This might prove to be helpful especially when our lives
are influenced by broader economic trends.
In order for me to properly conceptualize the logical implications as to
how the areas of macro economy function, I would like to make use of
an approach (as per requirement) that can lead to a deeper and more
robust understanding that is focused in the real world. Hence, I am to
discuss specific and pressing macroeconomic problems that have
affected my family directly.
Before proceeding, let me emphasize relevant points. Firstly, in the
context of our familial structure, there is me, my mom and my father
who works as an Overseas Filipino Worker (OFW). So, one could
only imagine the amount of remittances we receive that has become
an essential part of our household budgets spent on basic needs and
are used as funds either in investing or for increasing consumption. In
over two decades, the rate of Philippine remittances continues to rise
throughout the years thus creating a domino effect towards recipient
families and the country in general (Sicat, n.d). Hence, the means of
overseas cash flow raise our standard of living.
Secondly, the concept of exchange rates arises. The appreciation of
the peso currency is mainly because the dollar itself is weakening
(Olea, 2008). Ironically though, this concept hurt OFWs since it
lowers the peso value of their income. Then again, sharp peso
depreciation can lead to higher inflation rates. Naturally, such cases
depend on the volatility of the exchange rate and percentage of
inflation. Exchange rate has to be right since it gives off significant
impacts not only in itself but to other aggregate factors that may be
affected; further stressing the credible relationship and connection
established between the exchange rate fluctuations and
macroeconomic variables (Perpetua, 2014, p. 167). Every now and
then the government reports to people the achievements made in the
development of the economy. On a similar note, for instance, in the
most recent data, inflation rate increased to 1.3 percent in November
2019 from 0.8 percent in the previous month. Regardless, according to
Sec. Salvador Panelo in his December 2019 statement, the Palace
stresses that for the first 11 months of this year, inflation rate averaged
at 2.5% to which the Department of Trade claimed is still a very
tamed inflation rate. The numbers prove to be favorable since it can
show a major impact on the value of the country’s currency as well as
the rates of foreign exchange it has with the currencies of other
nations. When dealing with exchange rates however, I have come to
understand how relative it can be especially when there are numerous
factors that can impact it.
Thirdly, being an OFW assigned specifically in a cruise ship requires
a contract and these contracts contain terms. When my 02 father goes
home to have his vacation, technically he becomes unemployed up
until the existence of another contract. With that our cash flow
experiences a stagnation. This may prove to be a challenging part for
our family to experience especially when it would take my father
longer vacation durations.
As of the time being, however, my father has no significant and
alarming complaints. Being under the new administration has
prompted our family to experience quite well economically and
financially.
Economics in general help learners like us to deal with global/national
issues in a way that consumers, workers, producers, investors, and
citizens would. In other words, this form of literacy enables us to
interpret events that will either directly/indirectly affect us; a goal for
a democratic society to rely on heavily since an informed citizenry
contributes well to economic decision-making. It frames many choices
we make involving monetary value. This concept is closely similar to
that of what must be done within our household. Knowledge of such
will enable me to think and create decisions that will benefit our
family. Although I do not have full control over financial budgeting
and its flow, I can still help my parents through other recourse such as
monitoring our daily spending and the promotion of savings and
investments. This might prove to be helpful especially when our lives
are influenced by broader economic trends.
In order for me to properly conceptualize the logical implications as to
how the areas of macro economy function, I would like to make use of
an approach (as per requirement) that can lead to a deeper and more
robust understanding that is focused in the real world. Hence, I am to
discuss specific and pressing macroeconomic problems that have
affected my family directly.
Before proceeding, let me emphasize relevant points. Firstly, in the
context of our familial structure, there is me, my mom and my father
who works as an Overseas Filipino Worker (OFW). So, one could
only imagine the amount of remittances we receive that has become
an essential part of our household budgets spent on basic needs and
are used as funds either in investing or for increasing consumption. In
over two decades, the rate of Philippine remittances continues to rise
throughout the years thus creating a domino effect towards recipient
families and the country in general (Sicat, n.d). Hence, the means of
overseas cash flow raise our standard of living.
Secondly, the concept of exchange rates arises. The appreciation of
the peso currency is mainly because the dollar itself is weakening
(Olea, 2008). Ironically though, this concept hurt OFWs since it
lowers the peso value of their income. Then again, sharp peso
depreciation can lead to higher inflation rates. Naturally, such cases
depend on the volatility of the exchange rate and percentage of
inflation. Exchange rate has to be right since it gives off significant
impacts not only in itself but to other aggregate factors that may be
affected; further stressing the credible relationship and connection
established between the exchange rate fluctuations and
macroeconomic variables (Perpetua, 2014, p. 167). Every now and
then the government reports to people the achievements made in the
development of the economy. On a similar note, for instance, in the
most recent data, inflation rate increased to 1.3 percent in November
2019 from 0.8 percent in the previous month. Regardless, according to
Sec. Salvador Panelo in his December 2019 statement, the Palace
stresses that for the first 11 months of this year, inflation rate averaged
at 2.5% to which the Department of Trade claimed is still a very
tamed inflation rate. The numbers prove to be favorable since it can
show a major impact on the value of the country’s currency as well as
the rates of foreign exchange it has with the currencies of other
nations. When dealing with exchange rates however, I have come to
understand how relative it can be especially when there are numerous
factors that can impact it.
Thirdly, being an OFW assigned specifically in a cruise ship requires
a contract and these contracts contain terms. When my 02 father goes
home to have his vacation, technically he becomes unemployed up
until the existence of another contract. With that our cash flow
experiences a stagnation. This may prove to be a challenging part for
our family to experience especially when it would take my father
longer vacation durations.
As of the time being, however, my father has no significant and
alarming complaints. Being under the new administration has
prompted our family to experience quite well economically and
financially.
Economics in general help learners like us to deal with global/national
issues in a way that consumers, workers, producers, investors, and
citizens would. In other words, this form of literacy enables us to
interpret events that will either directly/indirectly affect us; a goal for
a democratic society to rely on heavily since an informed citizenry
contributes well to economic decision-making. It frames many choices
we make involving monetary value. This concept is closely similar to
that of what must be done within our household. Knowledge of such
will enable me to think and create decisions that will benefit our
family. Although I do not have full control over financial budgeting
and its flow, I can still help my parents through other recourse such as
monitoring our daily spending and the promotion of savings and
investments. This might prove to be helpful especially when our lives
are influenced by broader economic trends.
In order for me to properly conceptualize the logical implications as to
how the areas of macro economy function, I would like to make use of
an approach (as per requirement) that can lead to a deeper and more
robust understanding that is focused in the real world. Hence, I am to
discuss specific and pressing macroeconomic problems that have
affected my family directly.
Before proceeding, let me emphasize relevant points. Firstly, in the
context of our familial structure, there is me, my mom and my father
who works as an Overseas Filipino Worker (OFW). So, one could
only imagine the amount of remittances we receive that has become
an essential part of our household budgets spent on basic needs and
are used as funds either in investing or for increasing consumption. In
over two decades, the rate of Philippine remittances continues to rise
throughout the years thus creating a domino effect towards recipient
families and the country in general (Sicat, n.d). Hence, the means of
overseas cash flow raise our standard of living.
Secondly, the concept of exchange rates arises. The appreciation of
the peso currency is mainly because the dollar itself is weakening
(Olea, 2008). Ironically though, this concept hurt OFWs since it
lowers the peso value of their income. Then again, sharp peso
depreciation can lead to higher inflation rates. Naturally, such cases
depend on the volatility of the exchange rate and percentage of
inflation. Exchange rate has to be right since it gives off significant
impacts not only in itself but to other aggregate factors that may be
affected; further stressing the credible relationship and connection
established between the exchange rate fluctuations and
macroeconomic variables (Perpetua, 2014, p. 167). Every now and
then the government reports to people the achievements made in the
development of the economy. On a similar note, for instance, in the
most recent data, inflation rate increased to 1.3 percent in November
2019 from 0.8 percent in the previous month. Regardless, according to
Sec. Salvador Panelo in his December 2019 statement, the Palace
stresses that for the first 11 months of this year, inflation rate averaged
at 2.5% to which the Department of Trade claimed is still a very
tamed inflation rate. The numbers prove to be favorable since it can
show a major impact on the value of the country’s currency as well as
the rates of foreign exchange it has with the currencies of other
nations. When dealing with exchange rates however, I have come to
understand how relative it can be especially when there are numerous
factors that can impact it.
Thirdly, being an OFW assigned specifically in a cruise ship requires
a contract and these contracts contain terms. When my 02 father goes
home to have his vacation, technically he becomes unemployed up
until the existence of another contract. With that our cash flow
experiences a stagnation. This may prove to be a challenging part for
our family to experience especially when it would take my father
longer vacation durations.
As of the time being, however, my father has no significant and
alarming complaints. Being under the new administration has
prompted our family to experience quite well economically and
financially.
Economics in general help learners like us to deal with global/national
issues in a way that consumers, workers, producers, investors, and
citizens would. In other words, this form of literacy enables us to
interpret events that will either directly/indirectly affect us; a goal for
a democratic society to rely on heavily since an informed citizenry
contributes well to economic decision-making. It frames many choices
we make involving monetary value. This concept is closely similar to
that of what must be done within our household. Knowledge of such
will enable me to think and create decisions that will benefit our
family. Although I do not have full control over financial budgeting
and its flow, I can still help my parents through other recourse such as
monitoring our daily spending and the promotion of savings and
investments. This might prove to be helpful especially when our lives
are influenced by broader economic trends.
In order for me to properly conceptualize the logical implications as to
how the areas of macro economy function, I would like to make use of
an approach (as per requirement) that can lead to a deeper and more
robust understanding that is focused in the real world. Hence, I am to
discuss specific and pressing macroeconomic problems that have
affected my family directly.
Before proceeding, let me emphasize relevant points. Firstly, in the
context of our familial structure, there is me, my mom and my father
who works as an Overseas Filipino Worker (OFW). So, one could
only imagine the amount of remittances we receive that has become
an essential part of our household budgets spent on basic needs and
are used as funds either in investing or for increasing consumption. In
over two decades, the rate of Philippine remittances continues to rise
throughout the years thus creating a domino effect towards recipient
families and the country in general (Sicat, n.d). Hence, the means of
overseas cash flow raise our standard of living.
Secondly, the concept of exchange rates arises. The appreciation of
the peso currency is mainly because the dollar itself is weakening
(Olea, 2008). Ironically though, this concept hurt OFWs since it
lowers the peso value of their income. Then again, sharp peso
depreciation can lead to higher inflation rates. Naturally, such cases
depend on the volatility of the exchange rate and percentage of
inflation. Exchange rate has to be right since it gives off significant
impacts not only in itself but to other aggregate factors that may be
affected; further stressing the credible relationship and connection
established between the exchange rate fluctuations and
macroeconomic variables (Perpetua, 2014, p. 167). Every now and
then the government reports to people the achievements made in the
development of the economy. On a similar note, for instance, in the
most recent data, inflation rate increased to 1.3 percent in November
2019 from 0.8 percent in the previous month. Regardless, according to
Sec. Salvador Panelo in his December 2019 statement, the Palace
stresses that for the first 11 months of this year, inflation rate averaged
at 2.5% to which the Department of Trade claimed is still a very
tamed inflation rate. The numbers prove to be favorable since it can
show a major impact on the value of the country’s currency as well as
the rates of foreign exchange it has with the currencies of other
nations. When dealing with exchange rates however, I have come to
understand how relative it can be especially when there are numerous
factors that can impact it.
Thirdly, being an OFW assigned specifically in a cruise ship requires
a contract and these contracts contain terms. When my 02 father goes
home to have his vacation, technically he becomes unemployed up
until the existence of another contract. With that our cash flow
experiences a stagnation. This may prove to be a challenging part for
our family to experience especially when it would take my father
longer vacation durations.
As of the time being, however, my father has no significant and
alarming complaints. Being under the new administration has
prompted our family to experience quite well economically and
financially.
Economics in general help learners like us to deal with global/national
issues in a way that consumers, workers, producers, investors, and
citizens would. In other words, this form of literacy enables us to
interpret events that will either directly/indirectly affect us; a goal for
a democratic society to rely on heavily since an informed citizenry
contributes well to economic decision-making. It frames many choices
we make involving monetary value. This concept is closely similar to
that of what must be done within our household. Knowledge of such
will enable me to think and create decisions that will benefit our
family. Although I do not have full control over financial budgeting
and its flow, I can still help my parents through other recourse such as
monitoring our daily spending and the promotion of savings and
investments. This might prove to be helpful especially when our lives
are influenced by broader economic trends.
In order for me to properly conceptualize the logical implications as to
how the areas of macro economy function, I would like to make use of
an approach (as per requirement) that can lead to a deeper and more
robust understanding that is focused in the real world. Hence, I am to
discuss specific and pressing macroeconomic problems that have
affected my family directly.
Before proceeding, let me emphasize relevant points. Firstly, in the
context of our familial structure, there is me, my mom and my father
who works as an Overseas Filipino Worker (OFW). So, one could
only imagine the amount of remittances we receive that has become
an essential part of our household budgets spent on basic needs and
are used as funds either in investing or for increasing consumption. In
over two decades, the rate of Philippine remittances continues to rise
throughout the years thus creating a domino effect towards recipient
families and the country in general (Sicat, n.d). Hence, the means of
overseas cash flow raise our standard of living.
Secondly, the concept of exchange rates arises. The appreciation of
the peso currency is mainly because the dollar itself is weakening
(Olea, 2008). Ironically though, this concept hurt OFWs since it
lowers the peso value of their income. Then again, sharp peso
depreciation can lead to higher inflation rates. Naturally, such cases
depend on the volatility of the exchange rate and percentage of
inflation. Exchange rate has to be right since it gives off significant
impacts not only in itself but to other aggregate factors that may be
affected; further stressing the credible relationship and connection
established between the exchange rate fluctuations and
macroeconomic variables (Perpetua, 2014, p. 167). Every now and
then the government reports to people the achievements made in the
development of the economy. On a similar note, for instance, in the
most recent data, inflation rate increased to 1.3 percent in November
2019 from 0.8 percent in the previous month. Regardless, according to
Sec. Salvador Panelo in his December 2019 statement, the Palace
stresses that for the first 11 months of this year, inflation rate averaged
at 2.5% to which the Department of Trade claimed is still a very
tamed inflation rate. The numbers prove to be favorable since it can
show a major impact on the value of the country’s currency as well as
the rates of foreign exchange it has with the currencies of other
nations. When dealing with exchange rates however, I have come to
understand how relative it can be especially when there are numerous
factors that can impact it.
Thirdly, being an OFW assigned specifically in a cruise ship requires
a contract and these contracts contain terms. When my 02 father goes
home to have his vacation, technically he becomes unemployed up
until the existence of another contract. With that our cash flow
experiences a stagnation. This may prove to be a challenging part for
our family to experience especially when it would take my father
longer vacation durations.
As of the time being, however, my father has no significant and
alarming complaints. Being under the new administration has
prompted our family to experience quite well economically and
financially.
Economics in general help learners like us to deal with global/national
issues in a way that consumers, workers, producers, investors, and
citizens would. In other words, this form of literacy enables us to
interpret events that will either directly/indirectly affect us; a goal for
a democratic society to rely on heavily since an informed citizenry
contributes well to economic decision-making. It frames many choices
we make involving monetary value. This concept is closely similar to
that of what must be done within our household. Knowledge of such
will enable me to think and create decisions that will benefit our
family. Although I do not have full control over financial budgeting
and its flow, I can still help my parents through other recourse such as
monitoring our daily spending and the promotion of savings and
investments. This might prove to be helpful especially when our lives
are influenced by broader economic trends.
In order for me to properly conceptualize the logical implications as to
how the areas of macro economy function, I would like to make use of
an approach (as per requirement) that can lead to a deeper and more
robust understanding that is focused in the real world. Hence, I am to
discuss specific and pressing macroeconomic problems that have
affected my family directly.
Before proceeding, let me emphasize relevant points. Firstly, in the
context of our familial structure, there is me, my mom and my father
who works as an Overseas Filipino Worker (OFW). So, one could
only imagine the amount of remittances we receive that has become
an essential part of our household budgets spent on basic needs and
are used as funds either in investing or for increasing consumption. In
over two decades, the rate of Philippine remittances continues to rise
throughout the years thus creating a domino effect towards recipient
families and the country in general (Sicat, n.d). Hence, the means of
overseas cash flow raise our standard of living.
Secondly, the concept of exchange rates arises. The appreciation of
the peso currency is mainly because the dollar itself is weakening
(Olea, 2008). Ironically though, this concept hurt OFWs since it
lowers the peso value of their income. Then again, sharp peso
depreciation can lead to higher inflation rates. Naturally, such cases
depend on the volatility of the exchange rate and percentage of
inflation. Exchange rate has to be right since it gives off significant
impacts not only in itself but to other aggregate factors that may be
affected; further stressing the credible relationship and connection
established between the exchange rate fluctuations and
macroeconomic variables (Perpetua, 2014, p. 167). Every now and
then the government reports to people the achievements made in the
development of the economy. On a similar note, for instance, in the
most recent data, inflation rate increased to 1.3 percent in November
2019 from 0.8 percent in the previous month. Regardless, according to
Sec. Salvador Panelo in his December 2019 statement, the Palace
stresses that for the first 11 months of this year, inflation rate averaged
at 2.5% to which the Department of Trade claimed is still a very
tamed inflation rate. The numbers prove to be favorable since it can
show a major impact on the value of the country’s currency as well as
the rates of foreign exchange it has with the currencies of other
nations. When dealing with exchange rates however, I have come to
understand how relative it can be especially when there are numerous
factors that can impact it.
Thirdly, being an OFW assigned specifically in a cruise ship requires
a contract and these contracts contain terms. When my 02 father goes
home to have his vacation, technically he becomes unemployed up
until the existence of another contract. With that our cash flow
experiences a stagnation. This may prove to be a challenging part for
our family to experience especially when it would take my father
longer vacation durations.
As of the time being, however, my father has no significant and
alarming complaints. Being under the new administration has
prompted our family to experience quite well economically and
financially.
Economics in general help learners like us to deal with global/national
issues in a way that consumers, workers, producers, investors, and
citizens would. In other words, this form of literacy enables us to
interpret events that will either directly/indirectly affect us; a goal for
a democratic society to rely on heavily since an informed citizenry
contributes well to economic decision-making. It frames many choices
we make involving monetary value. This concept is closely similar to
that of what must be done within our household. Knowledge of such
will enable me to think and create decisions that will benefit our
family. Although I do not have full control over financial budgeting
and its flow, I can still help my parents through other recourse such as
monitoring our daily spending and the promotion of savings and
investments. This might prove to be helpful especially when our lives
are influenced by broader economic trends.
In order for me to properly conceptualize the logical implications as to
how the areas of macro economy function, I would like to make use of
an approach (as per requirement) that can lead to a deeper and more
robust understanding that is focused in the real world. Hence, I am to
discuss specific and pressing macroeconomic problems that have
affected my family directly.
Before proceeding, let me emphasize relevant points. Firstly, in the
context of our familial structure, there is me, my mom and my father
who works as an Overseas Filipino Worker (OFW). So, one could
only imagine the amount of remittances we receive that has become
an essential part of our household budgets spent on basic needs and
are used as funds either in investing or for increasing consumption. In
over two decades, the rate of Philippine remittances continues to rise
throughout the years thus creating a domino effect towards recipient
families and the country in general (Sicat, n.d). Hence, the means of
overseas cash flow raise our standard of living.
Secondly, the concept of exchange rates arises. The appreciation of
the peso currency is mainly because the dollar itself is weakening
(Olea, 2008). Ironically though, this concept hurt OFWs since it
lowers the peso value of their income. Then again, sharp peso
depreciation can lead to higher inflation rates. Naturally, such cases
depend on the volatility of the exchange rate and percentage of
inflation. Exchange rate has to be right since it gives off significant
impacts not only in itself but to other aggregate factors that may be
affected; further stressing the credible relationship and connection
established between the exchange rate fluctuations and
macroeconomic variables (Perpetua, 2014, p. 167). Every now and
then the government reports to people the achievements made in the
development of the economy. On a similar note, for instance, in the
most recent data, inflation rate increased to 1.3 percent in November
2019 from 0.8 percent in the previous month. Regardless, according to
Sec. Salvador Panelo in his December 2019 statement, the Palace
stresses that for the first 11 months of this year, inflation rate averaged
at 2.5% to which the Department of Trade claimed is still a very
tamed inflation rate. The numbers prove to be favorable since it can
show a major impact on the value of the country’s currency as well as
the rates of foreign exchange it has with the currencies of other
nations. When dealing with exchange rates however, I have come to
understand how relative it can be especially when there are numerous
factors that can impact it.
Thirdly, being an OFW assigned specifically in a cruise ship requires
a contract and these contracts contain terms. When my 02 father goes
home to have his vacation, technically he becomes unemployed up
until the existence of another contract. With that our cash flow
experiences a stagnation. This may prove to be a challenging part for
our family to experience especially when it would take my father
longer vacation durations.
As of the time being, however, my father has no significant and
alarming complaints. Being under the new administration has
prompted our family to experience quite well economically and
financially.
Economics in general help learners like us to deal with global/national
issues in a way that consumers, workers, producers, investors, and
citizens would. In other words, this form of literacy enables us to
interpret events that will either directly/indirectly affect us; a goal for
a democratic society to rely on heavily since an informed citizenry
contributes well to economic decision-making. It frames many choices
we make involving monetary value. This concept is closely similar to
that of what must be done within our household. Knowledge of such
will enable me to think and create decisions that will benefit our
family. Although I do not have full control over financial budgeting
and its flow, I can still help my parents through other recourse such as
monitoring our daily spending and the promotion of savings and
investments. This might prove to be helpful especially when our lives
are influenced by broader economic trends.
In order for me to properly conceptualize the logical implications as to
how the areas of macro economy function, I would like to make use of
an approach (as per requirement) that can lead to a deeper and more
robust understanding that is focused in the real world. Hence, I am to
discuss specific and pressing macroeconomic problems that have
affected my family directly.
Before proceeding, let me emphasize relevant points. Firstly, in the
context of our familial structure, there is me, my mom and my father
who works as an Overseas Filipino Worker (OFW). So, one could
only imagine the amount of remittances we receive that has become
an essential part of our household budgets spent on basic needs and
are used as funds either in investing or for increasing consumption. In
over two decades, the rate of Philippine remittances continues to rise
throughout the years thus creating a domino effect towards recipient
families and the country in general (Sicat, n.d). Hence, the means of
overseas cash flow raise our standard of living.
Secondly, the concept of exchange rates arises. The appreciation of
the peso currency is mainly because the dollar itself is weakening
(Olea, 2008). Ironically though, this concept hurt OFWs since it
lowers the peso value of their income. Then again, sharp peso
depreciation can lead to higher inflation rates. Naturally, such cases
depend on the volatility of the exchange rate and percentage of
inflation. Exchange rate has to be right since it gives off significant
impacts not only in itself but to other aggregate factors that may be
affected; further stressing the credible relationship and connection
established between the exchange rate fluctuations and
macroeconomic variables (Perpetua, 2014, p. 167). Every now and
then the government reports to people the achievements made in the
development of the economy. On a similar note, for instance, in the
most recent data, inflation rate increased to 1.3 percent in November
2019 from 0.8 percent in the previous month. Regardless, according to
Sec. Salvador Panelo in his December 2019 statement, the Palace
stresses that for the first 11 months of this year, inflation rate averaged
at 2.5% to which the Department of Trade claimed is still a very
tamed inflation rate. The numbers prove to be favorable since it can
show a major impact on the value of the country’s currency as well as
the rates of foreign exchange it has with the currencies of other
nations. When dealing with exchange rates however, I have come to
understand how relative it can be especially when there are numerous
factors that can impact it.
Thirdly, being an OFW assigned specifically in a cruise ship requires
a contract and these contracts contain terms. When my 02 father goes
home to have his vacation, technically he becomes unemployed up
until the existence of another contract. With that our cash flow
experiences a stagnation. This may prove to be a challenging part for
our family to experience especially when it would take my father
longer vacation durations.
As of the time being, however, my father has no significant and
alarming complaints. Being under the new administration has
prompted our family to experience quite well economically and
financially.
Economics in general help learners like us to deal with global/national
issues in a way that consumers, workers, producers, investors, and
citizens would. In other words, this form of literacy enables us to
interpret events that will either directly/indirectly affect us; a goal for
a democratic society to rely on heavily since an informed citizenry
contributes well to economic decision-making. It frames many choices
we make involving monetary value. This concept is closely similar to
that of what must be done within our household. Knowledge of such
will enable me to think and create decisions that will benefit our
family. Although I do not have full control over financial budgeting
and its flow, I can still help my parents through other recourse such as
monitoring our daily spending and the promotion of savings and
investments. This might prove to be helpful especially when our lives
are influenced by broader economic trends.
In order for me to properly conceptualize the logical implications as to
how the areas of macro economy function, I would like to make use of
an approach (as per requirement) that can lead to a deeper and more
robust understanding that is focused in the real world. Hence, I am to
discuss specific and pressing macroeconomic problems that have
affected my family directly.
Before proceeding, let me emphasize relevant points. Firstly, in the
context of our familial structure, there is me, my mom and my father
who works as an Overseas Filipino Worker (OFW). So, one could
only imagine the amount of remittances we receive that has become
an essential part of our household budgets spent on basic needs and
are used as funds either in investing or for increasing consumption. In
over two decades, the rate of Philippine remittances continues to rise
throughout the years thus creating a domino effect towards recipient
families and the country in general (Sicat, n.d). Hence, the means of
overseas cash flow raise our standard of living.
Secondly, the concept of exchange rates arises. The appreciation of
the peso currency is mainly because the dollar itself is weakening
(Olea, 2008). Ironically though, this concept hurt OFWs since it
lowers the peso value of their income. Then again, sharp peso
depreciation can lead to higher inflation rates. Naturally, such cases
depend on the volatility of the exchange rate and percentage of
inflation. Exchange rate has to be right since it gives off significant
impacts not only in itself but to other aggregate factors that may be
affected; further stressing the credible relationship and connection
established between the exchange rate fluctuations and
macroeconomic variables (Perpetua, 2014, p. 167). Every now and
then the government reports to people the achievements made in the
development of the economy. On a similar note, for instance, in the
most recent data, inflation rate increased to 1.3 percent in November
2019 from 0.8 percent in the previous month. Regardless, according to
Sec. Salvador Panelo in his December 2019 statement, the Palace
stresses that for the first 11 months of this year, inflation rate averaged
at 2.5% to which the Department of Trade claimed is still a very
tamed inflation rate. The numbers prove to be favorable since it can
show a major impact on the value of the country’s currency as well as
the rates of foreign exchange it has with the currencies of other
nations. When dealing with exchange rates however, I have come to
understand how relative it can be especially when there are numerous
factors that can impact it.
Thirdly, being an OFW assigned specifically in a cruise ship requires
a contract and these contracts contain terms. When my 02 father goes
home to have his vacation, technically he becomes unemployed up
until the existence of another contract. With that our cash flow
experiences a stagnation. This may prove to be a challenging part for
our family to experience especially when it would take my father
longer vacation durations.
As of the time being, however, my father has no significant and
alarming complaints. Being under the new administration has
prompted our family to experience quite well economically and
financially.
Economics in general help learners like us to deal with global/national
issues in a way that consumers, workers, producers, investors, and
citizens would. In other words, this form of literacy enables us to
interpret events that will either directly/indirectly affect us; a goal for
a democratic society to rely on heavily since an informed citizenry
contributes well to economic decision-making. It frames many choices
we make involving monetary value. This concept is closely similar to
that of what must be done within our household. Knowledge of such
will enable me to think and create decisions that will benefit our
family. Although I do not have full control over financial budgeting
and its flow, I can still help my parents through other recourse such as
monitoring our daily spending and the promotion of savings and
investments. This might prove to be helpful especially when our lives
are influenced by broader economic trends.
In order for me to properly conceptualize the logical implications as to
how the areas of macro economy function, I would like to make use of
an approach (as per requirement) that can lead to a deeper and more
robust understanding that is focused in the real world. Hence, I am to
discuss specific and pressing macroeconomic problems that have
affected my family directly.
Before proceeding, let me emphasize relevant points. Firstly, in the
context of our familial structure, there is me, my mom and my father
who works as an Overseas Filipino Worker (OFW). So, one could
only imagine the amount of remittances we receive that has become
an essential part of our household budgets spent on basic needs and
are used as funds either in investing or for increasing consumption. In
over two decades, the rate of Philippine remittances continues to rise
throughout the years thus creating a domino effect towards recipient
families and the country in general (Sicat, n.d). Hence, the means of
overseas cash flow raise our standard of living.
Secondly, the concept of exchange rates arises. The appreciation of
the peso currency is mainly because the dollar itself is weakening
(Olea, 2008). Ironically though, this concept hurt OFWs since it
lowers the peso value of their income. Then again, sharp peso
depreciation can lead to higher inflation rates. Naturally, such cases
depend on the volatility of the exchange rate and percentage of
inflation. Exchange rate has to be right since it gives off significant
impacts not only in itself but to other aggregate factors that may be
affected; further stressing the credible relationship and connection
established between the exchange rate fluctuations and
macroeconomic variables (Perpetua, 2014, p. 167). Every now and
then the government reports to people the achievements made in the
development of the economy. On a similar note, for instance, in the
most recent data, inflation rate increased to 1.3 percent in November
2019 from 0.8 percent in the previous month. Regardless, according to
Sec. Salvador Panelo in his December 2019 statement, the Palace
stresses that for the first 11 months of this year, inflation rate averaged
at 2.5% to which the Department of Trade claimed is still a very
tamed inflation rate. The numbers prove to be favorable since it can
show a major impact on the value of the country’s currency as well as
the rates of foreign exchange it has with the currencies of other
nations. When dealing with exchange rates however, I have come to
understand how relative it can be especially when there are numerous
factors that can impact it.
Thirdly, being an OFW assigned specifically in a cruise ship requires
a contract and these contracts contain terms. When my 02 father goes
home to have his vacation, technically he becomes unemployed up
until the existence of another contract. With that our cash flow
experiences a stagnation. This may prove to be a challenging part for
our family to experience especially when it would take my father
longer vacation durations.
As of the time being, however, my father has no significant and
alarming complaints. Being under the new administration has
prompted our family to experience quite well economically and
financially.
Economics in general help learners like us to deal with global/national
issues in a way that consumers, workers, producers, investors, and
citizens would. In other words, this form of literacy enables us to
interpret events that will either directly/indirectly affect us; a goal for
a democratic society to rely on heavily since an informed citizenry
contributes well to economic decision-making. It frames many choices
we make involving monetary value. This concept is closely similar to
that of what must be done within our household. Knowledge of such
will enable me to think and create decisions that will benefit our
family. Although I do not have full control over financial budgeting
and its flow, I can still help my parents through other recourse such as
monitoring our daily spending and the promotion of savings and
investments. This might prove to be helpful especially when our lives
are influenced by broader economic trends.
In order for me to properly conceptualize the logical implications as to
how the areas of macro economy function, I would like to make use of
an approach (as per requirement) that can lead to a deeper and more
robust understanding that is focused in the real world. Hence, I am to
discuss specific and pressing macroeconomic problems that have
affected my family directly.
Before proceeding, let me emphasize relevant points. Firstly, in the
context of our familial structure, there is me, my mom and my father
who works as an Overseas Filipino Worker (OFW). So, one could
only imagine the amount of remittances we receive that has become
an essential part of our household budgets spent on basic needs and
are used as funds either in investing or for increasing consumption. In
over two decades, the rate of Philippine remittances continues to rise
throughout the years thus creating a domino effect towards recipient
families and the country in general (Sicat, n.d). Hence, the means of
overseas cash flow raise our standard of living.
Secondly, the concept of exchange rates arises. The appreciation of
the peso currency is mainly because the dollar itself is weakening
(Olea, 2008). Ironically though, this concept hurt OFWs since it
lowers the peso value of their income. Then again, sharp peso
depreciation can lead to higher inflation rates. Naturally, such cases
depend on the volatility of the exchange rate and percentage of
inflation. Exchange rate has to be right since it gives off significant
impacts not only in itself but to other aggregate factors that may be
affected; further stressing the credible relationship and connection
established between the exchange rate fluctuations and
macroeconomic variables (Perpetua, 2014, p. 167). Every now and
then the government reports to people the achievements made in the
development of the economy. On a similar note, for instance, in the
most recent data, inflation rate increased to 1.3 percent in November
2019 from 0.8 percent in the previous month. Regardless, according to
Sec. Salvador Panelo in his December 2019 statement, the Palace
stresses that for the first 11 months of this year, inflation rate averaged
at 2.5% to which the Department of Trade claimed is still a very
tamed inflation rate. The numbers prove to be favorable since it can
show a major impact on the value of the country’s currency as well as
the rates of foreign exchange it has with the currencies of other
nations. When dealing with exchange rates however, I have come to
understand how relative it can be especially when there are numerous
factors that can impact it.
Thirdly, being an OFW assigned specifically in a cruise ship requires
a contract and these contracts contain terms. When my 02 father goes
home to have his vacation, technically he becomes unemployed up
until the existence of another contract. With that our cash flow
experiences a stagnation. This may prove to be a challenging part for
our family to experience especially when it would take my father
longer vacation durations.
As of the time being, however, my father has no significant and
alarming complaints. Being under the new administration has
prompted our family to experience quite well economically and
financially.
Economics in general help learners like us to deal with global/national
issues in a way that consumers, workers, producers, investors, and
citizens would. In other words, this form of literacy enables us to
interpret events that will either directly/indirectly affect us; a goal for
a democratic society to rely on heavily since an informed citizenry
contributes well to economic decision-making. It frames many choices
we make involving monetary value. This concept is closely similar to
that of what must be done within our household. Knowledge of such
will enable me to think and create decisions that will benefit our
family. Although I do not have full control over financial budgeting
and its flow, I can still help my parents through other recourse such as
monitoring our daily spending and the promotion of savings and
investments. This might prove to be helpful especially when our lives
are influenced by broader economic trends.
In order for me to properly conceptualize the logical implications as to
how the areas of macro economy function, I would like to make use of
an approach (as per requirement) that can lead to a deeper and more
robust understanding that is focused in the real world. Hence, I am to
discuss specific and pressing macroeconomic problems that have
affected my family directly.
Before proceeding, let me emphasize relevant points. Firstly, in the
context of our familial structure, there is me, my mom and my father
who works as an Overseas Filipino Worker (OFW). So, one could
only imagine the amount of remittances we receive that has become
an essential part of our household budgets spent on basic needs and
are used as funds either in investing or for increasing consumption. In
over two decades, the rate of Philippine remittances continues to rise
throughout the years thus creating a domino effect towards recipient
families and the country in general (Sicat, n.d). Hence, the means of
overseas cash flow raise our standard of living.
Secondly, the concept of exchange rates arises. The appreciation of
the peso currency is mainly because the dollar itself is weakening
(Olea, 2008). Ironically though, this concept hurt OFWs since it
lowers the peso value of their income. Then again, sharp peso
depreciation can lead to higher inflation rates. Naturally, such cases
depend on the volatility of the exchange rate and percentage of
inflation. Exchange rate has to be right since it gives off significant
impacts not only in itself but to other aggregate factors that may be
affected; further stressing the credible relationship and connection
established between the exchange rate fluctuations and
macroeconomic variables (Perpetua, 2014, p. 167). Every now and
then the government reports to people the achievements made in the
development of the economy. On a similar note, for instance, in the
most recent data, inflation rate increased to 1.3 percent in November
2019 from 0.8 percent in the previous month. Regardless, according to
Sec. Salvador Panelo in his December 2019 statement, the Palace
stresses that for the first 11 months of this year, inflation rate averaged
at 2.5% to which the Department of Trade claimed is still a very
tamed inflation rate. The numbers prove to be favorable since it can
show a major impact on the value of the country’s currency as well as
the rates of foreign exchange it has with the currencies of other
nations. When dealing with exchange rates however, I have come to
understand how relative it can be especially when there are numerous
factors that can impact it.
Thirdly, being an OFW assigned specifically in a cruise ship requires
a contract and these contracts contain terms. When my 02 father goes
home to have his vacation, technically he becomes unemployed up
until the existence of another contract. With that our cash flow
experiences a stagnation. This may prove to be a challenging part for
our family to experience especially when it would take my father
longer vacation durations.
As of the time being, however, my father has no significant and
alarming complaints. Being under the new administration has
prompted our family to experience quite well economically and
financially.
Economics in general help learners like us to deal with global/national
issues in a way that consumers, workers, producers, investors, and
citizens would. In other words, this form of literacy enables us to
interpret events that will either directly/indirectly affect us; a goal for
a democratic society to rely on heavily since an informed citizenry
contributes well to economic decision-making. It frames many choices
we make involving monetary value. This concept is closely similar to
that of what must be done within our household. Knowledge of such
will enable me to think and create decisions that will benefit our
family. Although I do not have full control over financial budgeting
and its flow, I can still help my parents through other recourse such as
monitoring our daily spending and the promotion of savings and
investments. This might prove to be helpful especially when our lives
are influenced by broader economic trends.
