Fi? E Comprehension

Now read the text again and answer these questions in your own words in the space provided below.

What is economic growth like in the long run?

What is economic growth like in the short run?

W⁷hy are businesses and consumers confident during a boom?

Why are mortgage repayments often higher during a slump?

How do companies try to save money during a recession?

What can help an economy recover? Notes:

Before you listen

Discuss this question with your partner.

How does each stage of the business cycle affect ordinary people?

The Business Cycle

Члт. '91

F Listening И)))

Now listen to these people. What part of the business cycle are they in? Match the people with the stage.

SPEAKER 1.................. A boom

SPEAKER 2................... В slump

SPEAKER 3................... С recession

SPEAKER 4................... D recovery

G Speaking

Discuss these questions with your partner.

Is economic growth always good?

What are the negative results ot economic growth (eg. pollution, destruction of environment)?

1 u01\

Work in groups of three. Each of you should take one of the following roles.

the Chancellor

chief director of one of the country's largest industries

leader of a workers' union

Imagine that the economy has gone into a recession.

you're the Chancellor. Explain to tho others why the country is in recession and what you plan to do about it.

and should toll the Chancellor what problems the recession is causing them. Tell the Chancellor what you want him/her to do.

Use the space below to make your notes.

Notes:

H Writing

Answer this essay question:'Economic growth isn't always a good thing.' How far do you agree with this opinion?

Essay on economic growth

Use this essay plan to help you.

PARAGRAPH 1

Introduction to the topic: What is economic growth and how does it occur? Keariiexi 1 again and make notes.

PARAGRAPH 2

What are the benefits of economic growth for a country?

standard of living, health care, education, employment

PARAGRAPH 3

What are the negative externalities of economic growth?

effects on the environment, traditional way of life, stress and family life, equity and inequality

PARAGRAPH 4

In summary - sum up both sides of the argument in a sentence and say what your view is.

Write 200-250 words

Pronunciation guide

Sustain v мет Industrialised ir tlwn М.и/И Recession rwjn/ Bankrupt '«id/ 'Ixrnkr.spt Inevitable uunitobl Chancellor t[a:iis.->lo<r) Externality ckstrrna'lati

Before you read

Discuss this question with your partner.

Nearly all countries trade with each other. Why do you think this is?

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