From the columns and translate them into Russian

suppliers level areas field rate well-being consumers size

of

population labour Gross National Product inflation price applied economics economics goods

Ex. 7. Translate the words and phrases given in brackets.

1. Macroeconomics deals with economic factors such as (совокупный продукт) and income.

2. Microeconomics theory is used widely in many areas of (прикладной экономики).

3. Macroeconomics deals with (совокупной) employment and unemployment.

4. Macroeconomics deals with economic factors such as(уровень цен) and the (уровень

инфляции).

5. The central components of microeconomics are demand, supplyand (рыночное равновесие).

6. Macroeconomic theory is largely concerned with what determines the size of (валовой

национальный продукт).

7. When growth in (объема продукции) exceeds its growth in population, this improves the

(благосостояние) of the population of a country.

COMPREHENSION

Ex. 8. Complete the ideas.

1. Macroeconomics looks at the economy in the large . . .

2. The key to prosperity in an economy is steady growth in national output . . .

3. Macroeconomics deals with aggregate employment and unemployment . . .

4. Microeconomics theory is used widely in many areas of applied economics . . .

5. Microeconomics looks at the individual unit . . .

Ex. 9. Multiple choice.

1. There was a _________ period in the 19^th and early in the 20^th centuries when microeconomic

questions dominated in economics.

a. short

b. long

c. extended

2. Microeconomics deals with the functioning of ___________ industries and the behaviour of

individual economic decision-making units.

a. individual

b. single

c. aggregate

3. In microeconomics firms are studied as ___________ of products and as consumers of labour and capital.

a. producers

b. suppliers

c. distributors

4. The key to prosperity in an economy is steady growth in national output.

a. steady

b. slow

c. rapid

5. When growth in nation’s output exceeds its growth in population, this _____________ the well-being of the population of a country.

a. improves

b. makes better

c. makes worse

6. Another __________ question that microeconomics addresses is who gets the things that are

produced.

a. important

b. big

c. large

7. It is _________ to see that understanding individual micro decisions is very important to any

understanding of your society.

a. not easy

b. difficult

c. easy

8. The distribution of products and income among the economic units is analyzed by ________

a. macroeconomics

b. applied economics

c. microeconomics