6. The government has distributed support among producers.

7. The government has to provide tax relief for smaller producers.

8. The US administration applies its farming support policies flexibly.

Аудиторная работа № 2

13. а) Ответьте на вопросы к тексту Circular Flow of Payments and National Income.

1. What process is known as the circular flow of payments?

2. What is the gross domestic product?

3. What is the gross national product?

4. What does the GNP indicate?

5. How is national income determined?

6. What is aggregate demand?

7. How do government activities affect the aggregate demand?

8. What is fiscal policy?

б) Подумайте и скажите:

1. Can the average standard of living reflect the actual way in which people of all social groups live?

2. How can government spending stimulate the development of a particular industry?

14. Заполните пропуски следующими словами и выражениями из словарного минимума к тексту Circular Flow of Payments and National Income в соответствующей форме:

household, while (2), to determine, to add to, asset, to make up (2), property, as a whole, since, spending, distribution

1. A worker receives his wages… the owner of the enterprise receives the profit from the whole business.

2. In comparing (сравнивать) national incomes it is not important which members of the population own these… and earn this income; in analyzing the… of incomes within a country it becomes important.

3… macroeconomic problems characterize the economy, they are more spoken about on television and in newspapers… microeconomic problems are of interest to a limited number of economists.

4. Labour should not be employed when additional employment… more… costs than revenue.

5. Individual income of wages and… earnings such as dividends, rent, etc.

6. The demand for labour by firms depends on its productivity which…… by the available technology and capital.

7. The aggregate demand of demand in the following three sectors of the economy: imt government, and business.

8. To reduce the budget deficit by £1 billion it is necessary to cut government… by 1 billion.

15. Вместо подчеркнутых определительных придаточных предложений используйте инфинитив.

ОБРАЗЕЦ: Measures that the government will take will not be popular. – > Measures to be taken by the government will not be popular.

1. This is the best method that we can use in order to compare the productivity of capital in different industries.

2. Engineers have developed a soya-based car fuel which is to replace petrol one day.

3. Intermediate goods are the goods that will be used as inputs in production of other goods.

4. Intermediate products are the goods and services that are not to be counted as part of the gross national product.

5. Final goods are the goods that will be consumed by end-users.

6. The purpose of a demand analysis which will have to be done is to determine which products the company can sell and at what price.

7. The labour supply is a measure which can be offered at given wages at a certain time.

8. Labour supply is determined by the number of workers who will be available for commercial production and the average number of hours that can be worked by available workers.

16. Составьте предложения из двух подходящих по смыслу частей.

1. Taxes have a great effect on the way

2. Economists consider the value of total output of the public sector as well as the private sector

3. The GDP is the basic measure

4. In most countries higher living standards of the typical man rather than

5. Import is a good which is produced abroad

6. One person's spending must be