Check your english vocabulary for rawdon Wyatt

(Money raised by __________________________ pays for all government
services.)
N. The most important industries in a country. 
(Oil is a __________________________ which is essential to
the country’s economy.)
O. A state in an economy where prices and wages are rising to keep pace with each other. 
(The
government is trying to keep __________________________ down below 3%.)
P.
A tax on money earned as wages or salary. 
(She pays __________________________ at the lowest rate.)
Q. A tax imposed as a percentage of the invoice value of goods or services. An indirect tax. 
( __________________________ in Britain currently runs at 17.5%.)
1. automation
2. unemployment
3. inflation
4. balance of payments
5. taxation
6. GNP
7. interest rates
8. primary industries
9. secondary industries
10. service industries
11. nationalised industries
12. monopoly
13. output
14. income tax
15. VAT
16. deficit
17. key industries

---

Business & industry
topic-specific vocabulary
99
For reference, see the 
Easier English Dictionary for Students
(978 0 7475 6624 3)
C. Now look at this extract from a business programme and fill in the gaps with one of the
words or expressions from Tasks A and B. In some cases, more than one answer may be
possible. You may need to change some of the word forms.
1____________________________________ rates are to rise by a further half a percent next month, putting
further pressure on homeowners paying mortgages. It will also discourage people from
2____________________________________ money from the high street banks, who are already under a lot
of pressure. Last year, the National Bank was forced to 3____________________________________ 2,000
members of staff across the country, adding to the country’s rapidly rising rate of
4____________________________________ .
5____________________________________ rose in the last year by almost 6%, despite the government’s
pledge to keep price and wage rises no higher than 3%. This has had a negative impact on
6____________________________________ , since the strong pound coupled with rising prices has made it
almost impossible for foreign companies to buy British goods and services. Especially affected are the
7____________________________________ producing pharmaceuticals and chemicals. 
8____________________________________ workers in 9____________________________________ industries
across the country are demanding higher 10____________________________________ . Unions and workers
are negotiating with 11____________________________________ chiefs for an eight percent rise. This
follows the announcement that the government want more investors to put their money into the
12____________________________________ sector.
13____________________________________ for home computers has finally overtaken the
14____________________________________ , making it once again a seller’s market. There is now a two-
week waiting list to receive a new computer. This has pushed prices up by almost a third.
Bradford Aerospace Technologies, where overall 15____________________________________ for sales of
aircraft parts has dropped by almost 10% in the last quarter, will shortly become a
16____________________________________ industry in a final desperate attempt to keep it open. The
government has promised it will keep on the current workforce.
Bad news too for Ranger Cars, who this week announced a 17____________________________________ of
almost five million pounds. A spokesman for the company blamed high labour costs and the reluctance
by union leaders to approve increased 18____________________________________ at the firm’s factories.
They insist that the installation of new machinery will lead to redundancies.