Basic ecomonic terminology. Искренко Э.В - 24 стр.

ÒÅÌÀ ¹ 6
                 BUDGET AND FISCAL POLICY

      1. Budget — a financial statement that projects income and/or
expenditures over a specified future period of time.
      2. Fiscal policy — the government spending and taxation
decisions (the government’s program with respect to the purchase
of goods and services and spending on transfer payments, and the
amount and type of taxes).
      3. Fiscal year (FY) — the twelve-month period used for
accounting purposes; begins October 1 for federal government.
      4. Balanced budget — the government spending is equal to its
income.
      5. Balanced budget multi plier — states that an increase in
government spending accompanied by an equal increase in taxes
results in an increase in aggregate demand.
      6. Budget deficit — the excess of government spending over its
income.
      7. Budget surplus — the excess of government income over its
spending.
Çàäàíèå ¹ 1. Äàéòå àíãëîÿçû÷íûå ýêâèâàëåíòû ñëåäóþùèì ðóñ-
ñêîÿçû÷íûì òåðìèíàì:
      1) áþäæåòíûé äåôèöèò; 2) áþäæåòíûé ïðîôèöèò; 3) áþä-
æåò; 4) áþäæåòíûé ãîä; 5) ôèíàíñîâî-áþäæåòíàÿ ïîëèòèêà;
6) ñáàëàíñèðîâàííûé áþäæåò; 7) ìóëüòèïëèêàòîð ñáàëàíñèðîâàí-
íîãî áþäæåòà.
Çàäàíèå ¹ 2. Çàïîëíèòå ïðîïóñêè â òåêñòå ñîîòâåòñòâóþùèìè
òåðìèíàìè:

      capital         spending            deficit
      budget          taxation            borrowing
      stabilization

                      Government borrowing
      Although most of the resources required for public _____ are
raised each year through _____, it is rare for any modern _____

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