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UNIT 4: ECONOMIC INDICATORS - A. GRAMMAR AND VOCABULARY

Total questions: 40

Worksheet time: 20mins

Name
Class
Date
1.

________ are statistics that help measure the overall health of an economy.

a)

Population

b)

Inflation

c)

Exchange rate

d)

Economic indicators

2.

The value of a country's money compared with other currencies, such as the US dollar is called ________.

a)

A. exchange rate

b)

B. interest rates

c)

C. growth rate

d)

D. balance of trade

3.

The unemployment rate is the percentage of people in the labour force who are ________.

a)

unemployed

b)

employing

c)

employed

d)

unemploying

4.

________ is commonly used in business and economics to measure the expansion of a company or population growth.

a)

Balance

b)

Growth rate

c)

Exchange rate

d)

Inflation

5.

Necessities, including food, now account for only 15% of our family budget, ________ with 33% in 1957.

a)

included

b)

compared

c)

increased

d)

decreased

6.

The proportion of the average ________ spent on tobacco has fallen sharply from 9% in 1997 to just 1% in 2016.

a)

rate

b)

indicator

c)

proportion

d)

budget

7.

Turkey has very high ________ interest rates, which means it will be expensive for companies to borrow money to invest.

a)

growth rates

b)

expenses

c)

investment

d)

inflation

8.

Spending on electronic goods ________ by 12% so far this year and economists expect it to rise further by Christmas.

a)

A. goes up

b)

B. go up

c)

C. has gone up

d)

D. went up

9.

Oil prices ________ sharply when the peace talks were announced.

a)

have fallen

b)

fall

c)

fell

d)

falls

10.

Researching news stories and features for the website and keeping up to date with developments in the ________ world.

a)

A. financially

b)

B. financial

c)

C. finance

d)

D. finances

11.

There is the problem of getting people to pay for content when they are used to getting a lot of materials on the web ............

a)

free of charge

b)

underpricing

c)

unfree

d)

overcharging

12.

In financial ............ people want to know what is fact and what is opinion and interpretation.

a)

sections

b)

reports

c)

figures

d)

facts

13.

Over the last 10 years, GDP ............ dramatically from 28.8bnto28.8 bn to 97 bn.

a)

A. increased

b)

B. has increased

c)

C. was increased

d)

D. increases

14.

In 2009, five items ............ up nearly 50% of all household expenditure

a)

A. have made

b)

B. has made

c)

C. made

d)

D. makes

15.

The next chief luxury item was meals eaten out in restaurants, ............ 6% of spending.

a)

A. consisted

b)

B. made

c)

C. represented

d)

D. lent

16.

Over the last week, oil prices ............ wildly between 93and93 and 125.

a)

have fluctuated

b)

fluctuated

c)

were fluctuated

d)

has fluctuated

17.

A balance of trade is in deficit when exports are ............ than imports.

a)

A. bigger

b)

B. more

c)

C. higher

d)

D. lower

18.

If we spend more on advertising, can we ............ our sales by 45%?

a)

increase

b)

decline

c)

reduce

d)

decrease

19.

I think we should stop our advertising campaign because we can't ............ the demand. We are running out of products.

a)

keep up with

b)

stay up with

c)

set up

d)

bring about

20.

The bank is holding an EGM to discuss the new ............ issue.

a)

A. recess

b)

B. share

c)

C. demand

d)

D. hold

21.

Economic efficiency occurs when goods are produced and distributed so that the maximum number of economic wants are ….

a)

Satisfying

b)

Satisfield

c)

Satisfy

d)

Satisfaction

22.

Financial considerations are the most important and sometimes ….. factorS

a)

Decided

b)

Decisive

c)

Decision

d)

Decidedly

23.

Multinational corporations usually take a……… approach to foreign investment

a)

Strategic

b)

Strategy

c)

Tratedy

d)

Tragic

24.

Increasingly. People are realizing that ours basic problems are not …..ones

a)

Economy

b)

Economical

c)

Economic

d)

Economized

25.

Cartel is an association of commodity producer design to limit competition among its member wwirh the objective of increasing….

a)

Fares

b)

Taxes

c)

Benifits

d)

Profits

26.

I ……. The new contract for my job to two weeks ago

a)

Signed

b)

Wrote

c)

Printed

d)

Applied

27.

The mechanic……… me $5 for repairing my bike

a)

Charged

b)

Paid

c)

Gave

d)

Spend

28.

The ……. Of exchange is falling at the moment

a)

Price

b)

Worth

c)

Charge

d)

Rate

29.

I had to take out a bank loan when i …….of money

a)

Ran up

b)

Ran after

c)

Ran across

d)

Ran out

30.

factors influecing demand for labour …. Of the scale of production

a)

Contist

b)

Include

c)

Compose

d)

Make up

31.

There is the problem of getting people to pay for content when they are used to getting a lot of materials on the web ............

a)

free of charge

b)

underpricing

c)

unfree

d)

overcharging

32.

Small….. were advised to hold on to their share

a)

Operators

b)

Investor

c)

Interpreters

d)

Translators

33.

They say the bank are going to raise interest …..

a)

Credit

b)

Rates

c)

Deposit

d)

Cards

34.

Your salary will be increased in line with the 3% ……excepted this autumn

a)

Inflation

b)

Deflation

c)

Increase

d)

Price

35.

The private service sector consist mainly of…..services, including agriculture

a)

Consumes

b)

Consuming

c)

Consume

d)

Consumer

36.

Despite gorvernment support, the manufacturing sector’s contribution to GDP,…….much of the country capital in invested in old state-owned enterprises

a)

Despite

b)

However

c)

Although

d)

Thought

37.

Frankfurt is the financial services capital of Germany, with the stock ….. and many of the world’s largest banks headquartered there

a)

Market

b)

Trading

c)

Marketing

d)

Center

38.

Without…., business and personal life quickly grind to a halt in developed nations where finance and credit need to flow quickly and easily

a)

Banks

b)

Banking

c)

Marketing

d)

Stock

39.

There is an excess of retail locations , as physical bank branches incur high maintenance Cost and are becoming less essential for retail …. Operations

a)

Bank

b)

Banking

c)

Bankers

d)

Banks

40.

These commercials bank will have both and online presence and physical stores where customers can make … and withdrawals

a)

Debits

b)

Deposits

c)

Credit

d)

Accounts