I. IDENTIFICATION: Answer as indicated. ( 1 pt. each)
- _________________________________ A type of good that you would buy more when your income increases.
- _________________________________ The point at which the supply specifically meets the demand.
- _________________________________ A type of tax upon special and particular products with the purpose of decreasing the demand.
- _________________________________ It is the method of acquiring revenue by the government to finance government projects.
- _________________________________ Transcribe CDC.
- _________________________________ Transcribe GNP
- _________________________________ Transcribe GDP.
- _________________________________ The process in which a taxpayer fails to pay his annual tax dues.
- _________________________________ One exception to the GSIS compulsory membership.
- _________________________________The Act promulgated in 1997 for retirement benefits for GSIS members.
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