Samarkand iktisodiyot va servis instituti

Exercise 1. Choose the correct answer according to the text.

1. What is IDP often used to compare?
a) spending figures of different countries.
b) wages.
c) mineral resources.
2. Is it useful to compare spending the economic statistics of different countries by using figures in the local currency?
a) Yes, it is.
b) No, it isn’t.
c) It is rarely useful.
3. Is GDP or GNP the perfect measure of the size of a country’s economy?
a) GDP.
b) GNP.
c) Neither.

Exercise 2. Choose the correct word (words) according to the information in the text to complete the sentences.

1. GDP is often used to compare figures of different countries because it represents only the … production of goods and services.
a) domestic
b) international
c) foreign
2. Economic statistics has to be related to the country’s ….
a) position
b) size
c) history
3. GDP does not include the international components of an economy, such as … and foreign investment.
a) import
b) exports
c) salary

LANGUAGE ACTIVITY

Exercise 1. Insert articles where necessary.

1. … production of goods and services produces … food, … clothing and … shelter.
2. Whatever is not consumed in … country itself can be sold to … other countries as … exports.
3. … size of … country’s economy is determined by … total amount of goods and services that country produces.
4. A company’s share price is based on … its earnings.
5. Almost every country uses … different currency.

Exercise 2. Insert the proper prepositions (by, of, in, with, for, to, during) where necessary.

1. It is rarely useful to compare the economic statistics … different countries … using figures … the local currency.
2. A country … working parents would show a larger GNP.
3. Neither GDP nor GNP is the perfect measure … the size of a country’s economy.
4. GDP and GNP provide the best means … comparing the economic activity of different countries.
5. … periods of economic turmoil, the world often turns … a particular currency, as a refuge.