In terms of national income measuring, total leakages from the circular flow must always equal (равняться) total injections to the circular flow. The equilibrium condition for an open economy is as follows:
S + T + Im = In + G + E (total leakages) (total injections)
Desired savings (накопления) plus taxes plus desired imports must equal desired investment plus desired government spending plus desired exports.
How are imports and exports connected with circular flow of payments in an economy?
What is the main requirement to injections to and leakages from national economy for it to remain balanced?
What are injections to and leakages from the circular flow made up of!
23. Просмотрите тексты на с. 96 и 106 и скажите:
Are both of them about open economies or is one of them about a closed economy, that is, an economy analyzed without its contacts with foreign countries? What makes you think so?
Unit 8
Taxes and Public Spending
Грамматика и лексика:
1. Конструкция «сложное подлежащее» при сказуемом: в форме страдательного залога
2. Значения слова result и сочетаний с ним
3. Значения слова most
4. Значения слов that и those
Задание на дом № 1
1. В разделе «Грамматика и словообразование» проработайте § 20 и 28.
2. Переведите следующие предложения на русский язык, обращая внимание на конструкцию «сложное подлежащее».
The budget deficit is known to be the excess of government expenditure over government revenue.
Markets are said to bring together buyers and sellers of goods and services.
The massive influx (зд, включение) of women into the labour force is sometimes assumed to result in unemployment.
Alcohol and tobacco are usually believed to be products with a very inelastic demand.
An increase in the wage rate is expected to reduce the quantity of labour demanded.
A subsidy is known to be money or other resources provided by the government to support a business activity or a person.
Конец ознакомительного фрагмента.