O’zbekiston respublikasi оliy va o’rta maxsus ta’lim vazirligi тоshkent moliya instuti

Task 4.Writing: Translate the given text into your native language
HOW IS WEALTH DETERMINED AROUND THE WORLD?
Economists have, therefore, set up a system to adjust each country’s currency by its“purchasing power”. This is done by looking at the goods and services that people usually purchase in their daily lives.The price of this “basket” of products –including everything from housing to haircuts, from food to movie tickets – is then compared between countries, giving us a more reliable exchange rate , usually referred as to as purchasing power parity (PPP) .Most PPP’s are based on a basket of goods and services used by people in rich countries, which skews the results somewhat. The monthly purchase of a primary school teacher in Paris are obviously qute different from those of a teacher in Jakarta, who could rarely afford such “luxuries” as a high –tech medical care or air travel. For example, if the spending patterns of teachers in developing countries were used to determine the PPP in the following list, the PPP adjusted salaries in India, Kenya or Indonesia would be significantly higher.
In an attempt to make things simple, The Economist has resorted to calculating a PPP using the price of hamburgers around the world, called Big Mac Index.This still does not solve the problem, however the Mc Donald’s hamburgers is considered a luxury in some countries. In Nairobi, for example, it takes an average worker almost three hours to earn enough to buy a Big Mac, in Tokyo and in Los Angeles it takes 10 minutes. However calculated, purchasing PPP does provide us with valuable insights into what salaries actually buy in each country, giving us a better idea of who in the world is really better off.

Task 5. Make a 13-15 slides presentation on the topic:
Wealth around the world
CARD № 7.
Task 1. Grammar : Fill in the blanks with an appropriate answer
1. You _____ a lot of things in _____ free time.
A) do / our B) does / your C) do / my D) do / your
2. My cat licks _____ tail every evening. But my dogs never lick ___tails.
A) its / their B) its / its C) their / its D) * / *
3. I like _____ football, but my brother doesn’t.
A) play B) played C) playing D) plays
4. She likes _____ TV, but her husband doesn’t.
A) watching B) to watch C) watches D)watched
5. Her sister doesn’t _____ eating a hamburger.
A) like B) likes C) liking D) liked
6. _____ does Andy’s little brother play with?
A) Who B) Why C) How old D) Where
7. A: _____ does Natalie’s nephew do?
B: He’s an architect.
A) How B) Whom C) When D) What
8. A: _____ does it rain here?
B: Mostly in summer and winter.
A: _____ snow?
B: In winter.
A) When / Why B) Why / How C) What time / Whom D) When / What about
9. A: _____ does Anthony go to work?
B: _____ bus.
A) How / By B) How well / On C) What kind / In D) How / In
10. She _____ from England.
A) come B) comes C) don’t come D) goes