2.6

• Engels
• MBO
• Studiejaar 1

BUSINESS ENGLISH

This week's goal:

Business Vocabulary

 1. learn and practise vocabulary related to the economy.

2. De Vries Taaltrainingen: Complete 2.9 & 2.10

What is the term for a general increase in prices and fall in the purchasing value of money?

1. Inflation
2. Stagnation
3. Deflation
4. Recession

What is the practice of buying goods or services now and paying for them later, often with interest, known as?

1. Debt
2. Investment
3. Savings
4. Credit

What is the term for a situation in which the demand for a product or service exceeds its supply, leading to higher prices and limited availability?

1. Equilibrium
2. Shortage
3. Surplus
4. Monopoly

What is an economic system in which the means of production and distribution are owned and controlled by individuals and businesses?

1. Socialism
2. Communism
3. Fascism
4. Capitalism

What is the term for the total value of all goods and services produced within a country in a given period?

1. Gross Domestic Product
2. Net Income
3. Trade Surplus
4. Inflation Rate

Download Worksheet 

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Read in pairs

In pairs, read the text you've received. Prepare to answers questions about this text.

Question 1: What is the expected GDP growth rate for the Netherlands in 2024?

1. 0.6%
2. 1.1%
3. 1.7%
4. 1.1%

Question 2: What is the main factor contributing to the expected increase in the government deficit in 2023?

1. Decreased public consumption
2. Tightening financial conditions
3. Lower-than-expected corporate income tax revenue
4. Measures to mitigate the impact of high energy prices

Question 3: What is the primary reason for the weak business investment growth in the next years, according to the economic forecast?

1. Surging inflation
2. Tightening financial conditions
3. Strong labor market
4. Decreasing public consumption

Write down at least five vocabulary items you remember from this lesson.

Homework: De Vries Taaltrainingen

In pairs, complete exercises 2.9 & 2.10

TEST: 5th of February: vocabulary test chapter 2 de vries taaltrainingen (2.8 &2.10). Hand in your completed reader unit 2 on the 5th too!