III. Choose the correct translation of the following sentences

II. Choose the word to complete the sentence.

I. Match the following terms with their definitions.

Test 4

(to be performed after studying Units 7 – 8)

1. the total market value of all final goods and services produced by factors of production located in the economy(regardless of who owns them) during one year’s time	Monetary policy
2. the changing of government spending and taxes in order to control the level of economic activity	Gross national product
3. the real value of the total output of goods and services divided by the number of people in the economy	Gross domestic product
4. the total market value of all final goods and services produced in a single year by factors of production owned by a country’s citizens (regardless of where the output is produced)	Fiscal policy
5. the changing of the quantity of money in the economy in order to reduce unemployment, keep prices stable, and promote economic growth	Real GNP per capita

1. When the bank applies a tight monetary policy interest … go up.

a) quantities b) percent c) supplies d) rates

2. The government has to cut … to balance the budget.

a) lending b) spending c) money supply d) revenues

3. Nominal GNP is the value of the final output in … prices.

a) nowadays b) present c) current d) modern

4. These calculations take into … the price index for the period mentioned.

a) observation b) account c) attention d) mind

5. A large portion of government spending goes for social, defense, education and other …

a) plans b) schedules c) schemes d) programmes

1. Чи не могли б ви допомогти мені перевірити ці дані?

a) Help me to check these data.

b) Do you have time to check these data?

c) Could you help me to check these data?

d) Please, check these data for me.

2. Будь ласка, знайдіть дані про минулорічний валовий внутрішній продукт.

a) Find the data on the last year’s GDP.

b) Would you find the data on the last year’s GDP?

c) Pleases, look for the data on the last year’s GDP.

d) Could you submit the data on the last year’s GDP?

3. Чи не бажаєте ви відвідати нашу презентацію?

a) Would you like me to visit our presentation?

b) Can you visit the presentation?

c) Would you like to visit our presentation?

d) Will you visit the presentation?

4. Напевно, делегація вже приїхала.

a) The delegation must arrive already.

b) The delegation may have arrived already.

c) The delegation might have arrived already.

d) The delegation must have arrived already.

5. Навряд чи вони вже обчислили загальний прибуток за рік.

a) They might be calculating the total revenue for the year.

b) They might have calculated the total revenue for the year.

c) They must have calculated the total revenue for the year.

d) They can’t be calculating the total revenue for the year.

6. Не може бути, що ціни так різко впали.

a) The prices can’t fall so sharply.

b) The prices can’t be falling so sharply.

c) The prices can’t have fallen so sharply.

d) It can’t be that the prices are falling so sharply.

7. Можна скористатись цим телефоном? – Нажаль, ні. Я чекаю дзвінка.

a) May I use this telephone? – Excuse me, no. I’m expecting a ring.

b) May I use this telephone? – I’m afraid, you may not. I’m expecting a call.

c) May I use this telephone? – I don’t think so. I’m waiting for a call.

d) May I use this telephone? – I’m sorry, you cannot. I’m expecting a call.

8. Можливо, ситуація вже стабілізувалась.

a) The situation must have become stable.

b) The situation might have become stable.

c) The situation may have become stable.

d) The situation may become stable.

9. Можливо, валовий національний продукт на душу населення зросте в наступному році.

a) Next year the GNP rep capita might increase.

b) Next year per capita GNP may increase.

c) The GNP per capita may increase in a year.

d) Next year per capita GNP must increase.

10. Сумнівно, що вони вже підписали угоду.

a) They may have signed the agreement already.

b) They might have signed the agreement already.

c) They can’t have signed the agreement already.

d) They might be signing the agreement.

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