A、rise by 10 percent.
B、rise by 2 percent.
C、fall by 10 percent.
D、fall by 2 percent.
E、do none of the above.
Which of the following is clearly the author's own opinion?
A.The lesser of the two evils is not deflation but inflation.
B.People's income is influenced by both inflation and deflation.
C.Investment is good in times of deflation and unemployment.
D.Private and public investment can cause inflation during deflation.
(27)
A.The problem of inflation could be worsened due to rising unemployment and wage explosion.
B.Because of the rising of unemployment during inflation, there could be a wage explosion.
C.The most serious economic problem in the wake of inflation is a possible wage explosion.
D.A possible way to curb inflation and rising unemployment is to raise the workers' wages dramatically.
During the first half of 1998 Italy will get all EXCEPT______.
A.a sharp increase in auto sales
B.a great drop in inflation
C.further cuts in official rates
D.the slow growth of wages
(29) The great jump in inflation has been during the past 10 years. Looking at the raw figures, people might consider this a time of prosperity. The wage of the average worker was $ 114 a week in 1969, and by September, 1978 it had reached $206. The number grew as much as $92. On the surface it might seem that people are better off, but it is not true. Taking into consideration the effects of inflation, the picture is different. Actually, inflation plays an important role.
(30) In 1976 the consumer price index stood at 100 and it has now topped 200. Allowing for this, the average wage of workers was $104 in 1969 and $105 in April 1978. Since then with more inflation any gain in purchasing power has been wiped out and more taken away. In fact during the year of 1978, the buying power of the average paycheck had fallen by 3.4 percent. In addition to the income tax, (31) there are usually state and country taxes, the sales tax, that is added to the cost of an item at the retail level. This is another tax that has been increasing with inflation, and it affects all purchasers, including the poorest citizens. Think twice before you say that inflation is not a big deal.
(30)
A.It first become serious about five years ago.
B.It has finally been brought under control.
C.It may lead to prosperity.
D.It has been climbing.
Currently, in many countries of the world, people are facing problems caused by inflation, which is a de crease in the purchasing power of money because of continuous rises in the prices of available goods. There are two different kinds of inflation, each of which can affect people's lives.
When inflation is discussed, people generally refer to an increase in prices, wages, and the amount of money circulating in a country’s economy. The most common type of inflation is called creeping inflation be cause there is a steady but manageable increase in the rate of inflation within a year. Prices rise continuously, so that workers ask for higher wages to cover the increasing costs of housing, food, and transportation. Al though such wage increases are inflationary, they are often unavoidable. As a result, a government may have to impose price and wage controls in order to control this type of inflation.
A less common type of inflation is called hyperinflation, which is usually due to war or occupation by a foreign country. During a period of hyperinflation, price levels double rapidly. Because there is too much money available in the economy, the currency decreased in value, and people lose confidence in their government's financial competence. To win back the trust of the people, the government may create a new currency.
Regardless of the type of inflation that a country's economy is experiencing, inflation affects every individual in that society. In the United States, for example, many families could no longer afford to buy at today's prices the homes that they bought years ago. As long as the costs of food and entertainment continue to rise, people will be forced to modify their lifestyles. People on fixed incomes such as pensions or scholar ships have such serious financial problems that they cannot live decently, since their incomes do not keep up with the rate of inflation.
Until there is cooperation not only among individuals within any given country but also among the various governments of the world, inflation will not continue to trouble many of us.
With what topic is the passage primarily concerned?
A.Different causes of inflation,
B.A significant economic issue--inflation.
C.The trouble caused by inflation.
D.The control of inflation.
A、Amounts of transactions are reliable and can be verified
B、Amounts in the statement of financial position can be matched to amounts in the statement of cash flows
C、It avoids the overstatement of profit which can arise during periods of inflation
D、It provides fewer opportunities for creative accounting than systems of current value accounting
The great jump in inflation has been during the past 10 years. Looking at the raw figures, people might consider this a time of prosperity. The wage of the average worker was $ 114 a week in 1969, and by September, 1978 it had reached $206. The number grew as much as $92. On the surface it might seem that people are better off, but it is not true. Taking into consideration the effects of inflation, the picture is different. Actually, inflation plays an important role.
In 1976 the consumer price index stood at 100 and it has now topped 200. Allowing for this, the average wage of workers was $104 in 1969 and $105 in April 1978. Since then with more inflation any gain in purchasing power has been wiped out and more taken away. In fact during the year of 1978, the buying power of the average paycheck had fallen by 3.4 percent. In addition to the income tax, there are usually state and country taxes, the sales tax, that is added to the cost of an item at the retail level. This is another tax that has been increasing with inflation, and it affects all purchasers, including the poorest citizens. Think twice before you say that inflation is not a big deal.
(30)
A.It first become serious about five years ago.
B.It has finally been brought under control.
C.It may lead to prosperity.
D.It has been climbing.
Artificially low interest rates have caused a slump in the lira(里拉:意大利货币) (down 55% in the past four years), pushed inflation up to double digits and led firms to overload themselves with debt. (Economist)
A、a drooping or hunched posture
B、a sudden decline in business, stock prices, or value
C、a relatively long period of time during which somebody or something such as an employee, athlete, or team fails to perform well
D、a sudden large reduction in amount
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