Analyze and propose solution/s to the economic problems using the principles of applied economics.

1. Poverty - Despite the talk about economic growth, the poverty rates have not changed significantly since 2006. As per National Statistical Coordination Board (NSCB), poverty incidence of the population improved from 26.3% to 25.2% in 2012.

2. Unemployment - In 21012, 10 million Filipinos were either unemployed (3 million) or underemployed (seven million). In October 2013, unemployment rate was 6.5% in comparison to 6.8% in 2012. According to the Labor Force survey, the unemployment rate was 6% and 6.6% in October 2014 and January 2015, respectively.

3. Poor Infrastructure - Infrastructure is one of the biggest challenges. In the Global Competitiveness Report 2014-2015 of the world economic forum, Philippines didn't fare well in terms of the quality pf the overall infrastructure. It ranked at number 91 among 144 countries . This can be attributed to underinvestment in infrastructure.