IELTS challenge #4

IELTS workout of the day #4 Today's topic | The Economy

1. Think about the economy of your country. What are the main sectors? Can you name at least 5 of them?

2. How would you describe your country? Is it an importer of goods or an exporter of goods? What kinds of things does it import/export?

    TIP: If you’re not sure – go to Wikipedia and look for the relevant information about your own country.

3. What are the main challenges/problems facing the economy in your country at the moment?

Examples: unemployment, loss of traditional industry, international competition

How many problems can you identify?

Can you describe a fast-moving sector of your national economy? What is it and why do you think it’s growing rapidly?

4. Can you think of 5 adverbs to describe changes in the economy or markets?

5. Identify 5 factors which can affect the economy. How can these factors be an influence on the economy of a country? Write 5 sentences (one for each factor) describing the possible effects on the economy.

Example: Easy consumer credit can cause inflation if people spend too much.

6. Can you name 4 economic indicators? How would you describe these to someone who didn’t know them?

7. Tourism can be good for a local economy but sometimes it can also have a negative effect.
Can you name five benefits that a local economy can gain from tourism?
Can you describe three potential problems which tourism might cause for a local economy?

8. Think of 5 modal verbs of probability which you could use to describe changes in your national/ local economy in the future.

9. Use each of the modal verbs from 8. to make a prediction about the economy of your country in the future.

Example: Unemployment might fall next year if the government’s new initiative is successful.

10. Quickly read the following sentences and answer the questions.
“Analysts warned that the coalition's deficit reduction strategy had stalled in a period when falling unemployment and higher tax receipts should be bringing the annual budget further into balance.”
Is this a good or bad thing?
“The new policy was designed to curb excessive lending, with the discontinuation of interest-only loans, and increasing interest rates”
Is the new policy designed to result in more or less lending in the future?