Tag Archive | international Cambridge center

How to Talk About the Economy

Business English Economy

 GDP – Gross Domestic Product is the total monetary value of goods and services produced within a country.
 Fiscal is anything to do with financial matter (especially with taxes)
 Quarter is three months (ex. January February March)
 Currency is money used in a country or a region.
 Budget is to make a plan on how to spend a certain amount of money.
 Deficit means need more money than one has
 Surplus means when government or company has more money than budget
 Inflation is when prices of goods and services go up but wages stay the same
 Deflation is when the prices go down and the value of currency goes up
 In stagnation usually there’s hardly any movement, up or down. It means everythihng stays more or less the same
 Credit (rating) is ability to borrow money (ex. Someone can pay a car by monthly payment)
 Debt, owing money to someone
 Recession means that the economy is in decline
 Depression is a big decline of economy
 Bubble, the prices of something growing quickly for a particular reason and then burst.
 Boom => growing (up)
 bust => shrinking (down)

Exercises
1. Recently, housing markets have experienced a major _______, with prices reaching higher than $1 million in many areas.
a. boom
b. bust
c. recession
d. deflation

2. Although every government tries to run its economy on a ______, most end up spending to a deficit instead.
a. boom
b. depression
c. stagnation
d. surplus

3. A CFO, or Chief Financial Officer, is responsible for a company’s ________ strength.
a. budget
b. fiscal
c. currency
d. bubble

4. After a slow start to the year, the economy finally showed signs of recovery in the third _______, growing by close to 1% from July to September.
a. fiscal
b. budget
c. quarter
d. bubble

5. A period of negative economic growth that lasts two consecutive quarters is technically called a _________.
a. boom
b. depression
c. recession
d. stagnation

6. Governments and businesses set a _______ for the following year in order to control their spending.
a. deficit
b. budget
c. currency
d. GDP

7. Analysts have predicted that the current housing _________ will soon burst, as prices have reached too high for most people to afford.
a. bubble
b. bust
c. depression
d. inflation

8. A _____ occurs when a government spends more than it makes in revenues over the course of a year.
a. quarter
b. deficit
c. surplus
d. budget

9. While _____ has raised prices on almost everything, salaries have remained stagnant, leading many people into debt.
a. recession
b. stagnation
c. inflation
d. deflation

10. Anything that you owe someone else is called _______.
a. bubble
b. fiscal
c. debt
d. currency
e. crap

key A D B C C B A B C C

Advertisements

Petroleum Alternatives (04)

Bold Words are target Words

  Verb Noun Adjective Adverb
1 constraint constraint
2 contaminate contamination; contaminant
3 deplete depletion
4 dispose of disposal disposable
5 element elemental elementally
6 emit emission
7 extinction extinct
8 reserve reservoir
9 shrink shrinkage shrinkable
10 stable stability stable stably

 

Definitions and Samples

  1. Constraint n. Something that restricts something or someone

The major constraint of students who live in the developing country is they lack to get a part-time job to pay their fees.

  1. Contamination n. Being dangerous, dirty, or impure by adding something harmful or undesirable to it

The children’s behavior have been contaminated by their uneducated father.

plastic-waterpollution.jpg

Contamination’s everywhere & harms our earth

  1. Deplete v. To greatly reduce the amount of something

Illegal activities such as logging and mining absolutely deplete natural resources.

  1. Dispose of [phrasal verb] v. To get rid of something

Please, dispose of your cigarette into the basket bin.

  1. Elementally adv. In terms of elements

Elementally, concrete and soil are not alike.

  1. Emission n. The act of sending out of something (such as energy or gas)

Leaky emission of soil in Java by the irresponsible government has damaged adjacent local houses.

coal-power-station_1861404b.jpg

Emissions from a coal’s factory

  1. Extinction n. Completely die out

Modern lifestyle has caused the extinction of many old traditions.

Various_dinosaurs.png

Dinosaurs are good example of an extinction caused by nature

  1. Reservoir n. An artificial lake used to store a large supply of water for use in people’s homes

Dry season afflicts many reservoirs in my city.

2.jpg

Nowadays, a reservoir in my city for its beauty becomes an aim of many local tourists to visit

  1. Shrink v. Becoming smaller in amount, size, or value

Don’t boil water too much or it may shrink.

  1. Stable adj. Not easily changed because of being in a good state or condition

Her continuously work has made her life more stable than before.