Read the article without a dictionary, try to retell it

At leisure

Grammar exercises

Think and give extensive answers.

VIII. Discuss the following with your partner.

VII. Discuss these questions with your partner.

Inflation is the rising cost in prices over time.

— Does your country suffer from inflation?

— Why do you think this is?

High inflation affects the whole economy in different ways. How do you think inflation affects the people and organizations listed below? Try to match the people and organizations 1-4 with the effects A-D.

1 people on a fixed income A lose money on loans

2 banks В can’t get investment

3 businesses С are not so competitive

4 exporters D can’t buy as much with their money

IX. Say what you have learned about:

— Inflation and deflation

— Basket of goods

— Demand-pull inflation

— Circulation of money from one person to another

— Characteristics of demand-pull inflation

X. Translate the sentences. Practise the use of ing-forms (§18).

1. Proper organization of a company’s accounting system plays an important role in maintaining the fundamental accounting equation in balance. 2. Taking into account the high rate of inflation in the country, potential investors are interested in putting their money in developing countries. 3. Recognizing the importance of goodwill, businessmen know that its value can change over time. 4. A company’s original trademark can be helpful in promoting products, thus increasing the company’s network. 5. They are specializing in producing small-size farm machines. 6. They are competing with other leading producers in the world market. 7. The converting of current assets into cash is known to be done within one year according to accounting principles. 8. Registering copyright according to the existing laws guarantees the author the exclusive privilege to distribute his work.

VIII. Supply the correct forms of the verbs (§11). Translate the sentences.

1. Economists (to be) more interested in the cost aspect of the input-output relationship. 2. The cost of manufacturing products (to include) costs of raw materials. 3. Financial capital that (to use) in a business in future may belong to the business itself. 4. Economists (to be) interested in achievement the least costly technology of producing output. 5. During Great American Depression the rate of inflation (to be) in the headline. 6. In most of European countries prices (to rise) year after year for last 50 years. 7. Workers (to pay) when they (to work) in the same place for several years. 8. Young people (to protect) from exploitation in developed countries.

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