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14




I. . : .

II. Circular Flow of Payments and National Income.

 

I. .

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1) : to seem, to appear (, -), to prove, to turn out (), to happen (), to be likely (), to be unlikely (, ), to be certain, to be sure (, , ). :

This company proved to contribute lot to the pension fund. , .

Unemployment benefits are unlikely to serve as incentives for men to look for jobs. .

Progressive taxation seems to be the most wide-spread. , -, .

2) : to know (), to say (), to think (), to believe (), to consider (, , ), to expect (, ), to report (), to suppose (), to find (, ), to assume (, ), to presume (, ). :

This firm is said to receive high profits. , .

This new business was believed to improve the situation in the market. , .

This practice has been found to require new capital investments. , .

, , , , .

 

1. , :

  1. The budget deficit is known to be the excess of government expenditure over government revenue.
  2. Markets are said to bring together buyers and sellers of goods and services.
  3. The massive influx (. ) of women into the labour force is sometimes assumed to result in unemployment.
  4. Alcohol and tobacco are usually believed to be products with a very inelastic demand.
  5. An increase in the wage rate is expected to reduce the quantity of labour demanded.
  6. A subsidy is known to be money or other resources provided by the government to support a business activity or a person.
  7. Demand for imports is expected to rise when domestic income and output rise.
  8. High unemployment rate in Europe is assumed to result from high unemployment benefits.
  9. The private sector is normally considered to use resources more productively than the government.
  10. Social security payments and unemployment benefits are known as transfer payments.
  11. It is known that taxes raised at the national level, such as income tax or VAT (value added tax), are usually supplemented () by local taxes.
  12. More people have been found to choose to stay unemployed in countries with very high tax rates.
  13. Chemical and steel workers know their earnings to increase more than those in textile and trade sectors.
  14. The UK government is known to take nearly 40 percent of national income in taxes.
  15. Macroeconomics is concerned with demand for goods by households or the total spending on machinery and buildings by firms.

 

2. , , :

  1. Labour, machinery, raw materials, energy are known as inputs.
  2. Labour, machinery, raw materials, energy are known to be inputs.
  3. The Gross National Product per head is considered when living standards are measured.
  4. It was supposed that the transportation problems of the firm would be solved in the near future.
  5. Every producer is supposed to study the market carefully before starting the production of new goods.
  6. Taxes are assumed to redistribute incomes within an economy.
  7. It appears that electronic commerce is one of the most developed markets.
  8. Rapid introduction of credit cards all over Russia is unlikely at present.
  9. New banking services seem to come into life rapidly.
  10. Positive economics is sure to play an essential part in social life.
  11. High tech industries prove to bring in a considerable share of national income in the USA.

 

II. .

 





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