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Economy and business
Written by Amina Shah (IELTS)
6 IELTS Vocabulary questions with answers and explanations.
Printable worksheet with answer key
All questions with answers
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'Inflation' is a general rise in:
- 1 Prices
- 2 Wages only
- 3 Temperatures
- 4 Exports only
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Correct answer: Prices
Inflation means prices rise over time.
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A 'consumer' is someone who:
- 1 Makes goods
- 2 Teaches
- 3 Lends land
- 4 Buys goods or services
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Correct answer: Buys goods or services
Consumers purchase and use goods.
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'Exports' are goods that a country:
- 1 Produces at home only
- 2 Buys from other countries
- 3 Keeps for itself
- 4 Sells to other countries
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Correct answer: Sells to other countries
Exports go abroad to be sold.
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A 'budget' is a plan for:
- 1 Spending and saving money
- 2 Planning a trip only
- 3 Writing an essay
- 4 Building a house
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Correct answer: Spending and saving money
A budget sets out expected income and spending.
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To 'invest' means to:
- 1 Put money into something to make a profit
- 2 Borrow money
- 3 Waste money
- 4 Give money away
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Correct answer: Put money into something to make a profit
Investors expect a return.
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A 'shortage' means there is:
- 1 Not enough of something
- 2 Too much of something
- 3 No demand
- 4 The right amount
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Correct answer: Not enough of something
A shortage is when supply is too low.
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