O‘zbekiston respublikasi oliy va o‘rta maxsus ta’lim vazirligi toshkent moliya instituti shadmanbekova Kamola Amaliy ingliz tili fanidan mustaqil ta’limni tashkil etish bo‘yicha

Exercise 1. Read the text and write the term that best matches each numbered definition:

balanced budget deficit spending national debt

public welfare surplus transfer payment

1. 
   When the amount of tax money coming in is equal to the money going out in spending
   
2. 
   The situation that exists when the government spends less than it collects in taxes.
   
3. 
   The total of all loans made to the federal government by individuals or groups of individuals.
   
4. 
   The situation that exists when the amount of money that the government spends in greater than the amount of money that it collect in taxes from its citizens.
   
5. 
   The well-being of society.
   
6. 
   Income that is received from the government by people who are not currently producing goods or services in exchange for it.
   

Exercise 2. Read the text and give your reasons.

1. 
   Government runs with taxes paid by the people.
   
2. 
   For most public goods and services, the consumer is charged a fee covering the full cost of the item.
   
3. 
   Government should provide running courts, making and enforcing laws, security of the nation.
   
4. 
   You can buy a Treasury note or a bond and lend money to the federal government.
   
5. 
   Government spending has increased rapidly.
   
6. 
   The public welfare is not the “business” of government.
   

Task 3. Grammar
Exercise 1.Write sentences using the prompts. One of the verbs must be in the past perfect simple.
1  we / just / hear / the news / when / you / ring
2  I / already / think of / that / before / you / suggest / it