Английский язык: Сборник текстов и упражнений. Бодргина Л.И - 31 стр.

                                      Exercise

     I. Translate into Russian:
     – inflation:
        inflation rate;
        causes of inflation;
        consequences of inflation;
        inflation rises;
        inflation reduces;
     – stagflation;
     – deflation;
     – demand and supply:
        supply of money;
        supply of goods;
     – It may lead to stagflation and then to deflation.

     II. Write down the sentences or parts of sentences which describe:
     – inflation;
     – stagflation;
     – deflation.

     III. Translate the text into Russian.




                                UNIT 5
                            FOREIGN TRADE.
                     BASIC TERMS IN FOREIGN TRADE

     Countries buy and sell various goods as well various services. Goods bought
from abroad, such as food, cars, machines, medicines, books and many others, are
called visible imports. Goods sold abroad are called visible exports.
     Services, such as insurance, fright, tourism, technical expertise and others,
are called invisible imports and invisible exports. The total amount of money a
country makes including money from visible and invisible exports, for a certain
period of time, usually for a year, is Gross National Product, or GNP.
     The difference between a country’s total earnings or GNP, and its total ex-
penditure is called its balance of payment.
     The difference between what a country receives for its visible exports and
what it pays for its visible imports is its balance of trade. If a country sells more
goods than it buys, it will have a surplus. If a country buys more than it sells, it
will have a deficit.


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