Đề thi tiếng anh chuyên ngành 1 (3)

Reading Gross Domestic Product GDP Gross Domestic Product GDP, or the measure of all the products made, services offered, and business conducted in a country over a set period of time,

DE 4 Tiếng anh chuyên ngành 1

I Choose the best

answer

1 The United States loses nearly $70 billion a year in tax revenue because corporations loot America by shifting their profits to

… overseas

A tax hevens

B.tax havens

C tax houses

D tax heavens

2 Non-traditional exporters are exempt from ……….and VAT on imports of machinery and equipment

tax

B customs duty

C.payroll tax

D wage tax

3 Fiscal policy involves setting government spending and tax rates, whereas monetary policy involves money supply and interest rates set by a…………

a Central Bank

B World Bank

C Commercial Bank

D Shadow Bank

4 Raising the prices we charge the consumer would enable us to raise wages until we reach an between supply and demand

A imbalance

B equal

C disparity

d equilibrium

5 Unemployment, …………and greater inequality are often the downside of a market economy

A inflation

B justification

C growth

D employment

6 Sustainable is a key indicator of the long-term health of the economy

A produce

B to produce

C product

D productivity

7 The government wants to accelerate the … of internet commerce

A grow

B grows

C growing

D growth

8 A true monetary economy must therefore be using a

……….which is nowadays a paper currency

A token money

B commodity money

C coin

D gold

9 The employee can seek compensation from the employer

for…… of contract

A.breach

B.fulfillment

C.failure

D.bleach

10 Investors are holding out from Mexican stocks until they see clear signs of

an………recovery

A economist

B economic

C economize

D economy

II Reading

Gross Domestic Product (GDP)

Gross Domestic Product (GDP), or the measure of all the products made, services offered, and business conducted in a country over a set period of time, is another one of those business terms that's frequently

referenced but seldom- rarely understood Once again, GDP is simply a

calculation of the business that's taken place in a country annually The United States, for example, has the largest GDP in the world, thanks to its free market and large population; other nations have solid GDPs as well, and the exact number usually corresponds to its country's

economic system, development, natural resources, education, and

more

Similarly, the process of calculating GDP is simple and

straightforward GDP is comprised of "private consumption + total investments + government investments + government

spending + the value of exports minus imports." In other words, gross domestic product, which is once again the measure of all the business that's taken place in a country over

a period of time, is determined by adding together money

spent on private consumption, personal investments,

government investments, government spending, and the value

of exports (minus imports, so that the total reflects the trade

agreements that give money to the country at-hand)

Lastly, nominal GDP refers to a specific year's gross

domestic product purely in terms of production, while real GDP accounts for inflation, and is typically consulted by

economists attempting to contrast a country's current output with those of the past

1 What is gross domestic

product (GDP)?

a.The measure of all the products made, services offered, and business conducted in a country over a set period of time

B All the money currently in a

country

C The total value of assets currently in

a country

D An indicator of inflation

2 Which country has the largest GDP in

the world?

A China

Australia

C.

Russia

D United

States

3 How is GDP

calculated?

A By counting all the money in a country's banks

B By referencing a country's

national debt

C By adding up private and public consumption

D None of the

above

4 What is the main difference between nominal and

real GDP?

A Nominal calculates for inflation and

real does not

B There are no differences between the

GDP types

C Real GDP accounts for annual

inflation

D Real GDP is accurate, while nominal

GDP is not

5 Why is GDP

important? ·

A It can be used by businesses to

maximize profits

B 'It can help a country be as successful as possible, as GDP can

be shown-off on the world stage to attract investors

C It indicates the relative economic

capabilities of a country

D A&B

III Make complete

sentences

1 The discipline/ Economics/ be/ broad/ classified/

microeconomics/ and/ macroeconomics

2 According/ Congressional Budget Office,/ federal government/

be expected/ borrow/ $616 billion/ fiscal 2014,

3 Legal/ ways/avoid/ tax/ be/know/ loopholes/

tax laws

4.In exchange/ payment/ the premium,/ insured/ receives/promise

/ insurance system/ be compensated/ the/ event/ of/ loss.

5 When/ unemployment/ be/ low,/ deficit/may/ result rise/ prices/ or/ inflation

Đáp án

· The discipline of Economics is broadly classified into microeconomics and macroeconomics

· · According to the Congressional Budget Office, the federal government is expected to borrow $616 billion for fiscal 2014

· · Legal ways to avoid tax are known as loopholes in tax laws

· · In exchange for the payment of the premium, the insured receives a promise from the insurance system to be compensated

in the event of a loss

· · When unemployment is low, a deficit may result in a rise in prices or inflation

IV Matching the words with the

definitions below

a perpetual loans

b real GDP

c.tax evasion

d.planned

economy

e, inflation

f intervention

g maturity

1 The total value of goods and services produced in a country in a single year in constant prices

2 an increase in prices over time, causing a reduction in the value

of money.e

3 The date on which a bill of exchange, promissory note, debenture

or loan stock becomes due for payment or repayment

4 Debts that are payable for a period of time that has no

fixed end

5 illegal methods used by people or companies to reduce the tax they pay

ĐÁP ÁN

· The total value of goods and services produced in a country in a single year in constant prices

b real GDP

· An increase in prices over time, causing a reduction in the value

of money

e inflation

· The date on which a bill of exchange, promissory note, debenture, or loan stock becomes due for payment or repayment

g maturity

· Debts that are payable for a period of time that has no fixed end

a perpetual loans

· Illegal methods used by people or companies to reduce the tax they pay

c tax evasion

V Answer these questions

1 What are trust funds?

Trust funds are legal entities that hold and manage

assets on behalf of someone else, typically set up to

ensure that those assets are used for a specific

purpose or given to certain beneficiaries They can

be used for various purposes, such as education,

healthcare, or estate planning

2 How do people evade paying tax?

People evade paying tax by using illegal methods

such as underreporting income, inflating deductions,

hiding money in offshore accounts, and using

falsified documents to reduce their tax liability This

is known as tax evasion and is punishable by law

VI Translate into

English

1 Caribbean là vùng tập trung nhiều thiên đường thuế nổi tiếng trên thế giới nơi đánh thuế rất thấp

The three main sources of federal tax revenue are individual income taxes, payroll taxes, and corporate income taxes Other sources of tax revenue include excise taxes, the estate tax, and other taxes and fees

3 Nếu không có tiền, các giao dịch sẽ được thực hiện bằng cách trao đổi trực tiếp một hàng hóa hoặc dịch vụ này cho một hàng hóa hoặc dịch vụ khác

The insurance company has to calculate the premiums so the total premiums it receives from its many customers cover the few damage claims, with some money left over for administration and profit

3 Khi các khoản chi tiêu của chính phủ vào hàng hóa, dịch vụ, vượt nguồn thu được, chính phủ sẽ thâm hụt ngân sách

Expansionary fiscal policy occurs when the Congress acts to cut tax rates or increase government spending, shifting the aggregate demand curve to the right

VII Translate into Vietnamese

1 The three main sources of federal tax revenue are individual income taxes, payroll taxes, and corporate income taxes Other sources of tax revenue include excise taxes, the estate tax, and other taxes and fees

Ba nguồn thu thuế liên bang chính là thuế thu nhập cá nhân, thuế lương và thuế thu nhập doanh nghiệp Các nguồn thu thuế khác bao gồm thuế tiêu thụ đặc biệt, thuế di sản và các loại thuế và phí khác

2 The insurance company has to calculate the premiums so the total premiums it receives from its many customers cover the few damage claims, with some money left over for administration and

profit

Công ty bảo hiểm phải tính toán các khoản phí bảo hiểm sao cho tổng số phí bảo hiểm thu được từ nhiều khách hàng của mình sẽ đủ

để chi trả cho số ít các yêu cầu bồi thường thiệt hại, với một số tiền còn lại cho quản lý và lợi nhuận

3 Expansionary fiscal policy occurs when the Congress acts to cut tax rates or increase government spending, shifting the aggregate demand curve to the right

Chính sách tài khóa mở rộng xảy ra khi Quốc hội thực hiện cắt giảm thuế suất hoặc tăng chi tiêu chính phủ, chuyển đường cầu tổng hợp sang phía phải