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B) Prepare 3-minute presentation about economic environment in Ukraine, using the expressions in bold. Present your forecasts, evaluate investment climate. Use language bank.


Match sentences 1-12 below with the drawings A-K. You can use some of the drawings more than once.

1. The market is showing some signs of growth.

2. The market is extremely volatile.

3. The pound slipped back against the dollar.

4. The Swiss franc is staging a recovery.

5. The lira lost ground slightly.

6. There's been a dramatic downturn in the market.

7. There's been an upsurge of interest in gold.

8. The share price bottomed out at 115p.

9. Sugar peaked at $400 a tonne.

10. Profits will level off at around $10,000.

11. Sales hit an all-time low.

12. There hasn't been much movement in the price of tin.


Look at the table below. Scan through the analysis of the table presented below. Present the data on household incomes, spending on education and spending on defence over 5-year period in Ukraine. Deliver your analysis to the class.


Features of African Countries

Country Household incomes ($) Spending on education (% of GDP) Spending on defence (% of GDP)
Cote D’Ivoire


This table illustrates household income, expenditure on education and defence in percent of GDP for seven African nations. In general, the higher the household income and educational expenditure, the lower the spending on weapons.

First, Cote D’Ivoire and Botswana have the highest incomes, almost three and two thousand respectively. They also have identical spending on education and defence: just about a fifth, and 3% respectively. In contrast, Zimbabwe and Namibia have household incomes under $1000. These two also allot about one-sixth of the GDP to both education and defence.

Turning to the less developed countries, an Angolan or Zairean family only earns about $560 whilst their Ethiopian counterpart gets just over half that. In contrast to their more developed counterparts, they devote only about 8% to schooling. However, the budget for defence is almost half for Zaire and over a quarter for the other two.

Overall, poorer countries spend more on defence and less on education


20. a) What can you learn about an economy from its economic indicators? Look at the table for these two developing economies: Turkey and Poland. Match the indicators a-h with the definitions 1-8.

Economic indicator Tyrkey Poland
a Population 76.8m 38.4m
b Gross domestic product US$ 861.6bn US$ 861.6bn
c Growth rate -5.8% 1.1%
d Interest rates 25% 5.0%
e Unemployment rate 14.6% 11%
f Inflation 5.9% 3.4%
g Exchange rate US$1=YTL*1.55 *Turkish New Lira US$ 1=PLN*31 *Polish Zlotych
h Balance of trade US$-12.54bn US$-3.585



1. the movement of prices in the economy __f__

2. the cost of borrowing money from a bank _____

3. the relation between imports and exports _____

4. the value of a country's money compared with other currencies, such as the US dollar ___

5. the number of people who live in a country ___

6. the number of people with no job _____

7. the total size of an economy ______

8. the rate of expansion in the economy ______

b) What can you learn from the data about the two countries? Discuss in pairs or small groups.

1 Which country has the bigger economy?

2 Which country has the higher growth rate?

3 Which has the worse inflation rate?

4. Which has the better interest rates for borrowers?

5 Do you see any dangers for the economy in any of the indicators?


21. a) Economic indicators can give us a picture of the historical development of a country. Think back to the life of your parents' generation. What do you think people spent their money on 50 years ago? Now read the text and find out about life in the UK 50 years ago.

What can economic indicators tell us about life in modern Britain?

In 1960, the UK government began a survey of the spending of a typical English family called the Family Spending Survey.

In this year, three items made up nearly 50% of all family expenditure: food, fuel, and rent. If you include clothing and travel, these basics made up nearly 70% of all family spending. The main luxuries for the ordinary family were tobacco and alcohol, which represented just under 10% of spending. The next biggest luxury item was meals eaten out in restaurants, representing 3% of spending.


b) When the government did the same survey fifty years later in 2010, the figures were very different.What do you think are the largest items of family spending today?

c) Now read the conclusions of the 2007 report and write the correct percentage against each item. Were you right?

Over the last fifty years, UK family income has doubled in real terms, but the pattern of family spending has changed dramatically. Basic necessities, including food, now account for only 15% of our family budget, compared with 33% in 1960. And half of that food budget now consists of meals and takeaways - a new category introduced in the 1970s.

But the cost of housing, including mortgage interest payments or rent, has more than doubled since 1960 from 9% to 19%.

However, the biggest change is in the growth of leisure, including everything from holidays, DVD rentals and sports clubs. This now represents 7% of spending, while clothing is only 5%.

Motoring and travel costs have increased sharply from 8% of spending in 1957 to 16% in 2010, mostly because of rising car ownership, with three in four families owning at least one car.

Surprisingly, spending on alcoholic drinks accounts for the same proportion of spending as it did 50 years ago at 3% - although in absolute terms it is much higher.

But, in contrast, the proportion of the average budget spent on tobacco has fallen sharply from 6% in 1960 to just 1 % in 2010.


Date: 2016-04-22; view: 1529

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