Make sure you know this vocabulary:
Balance of payments
Bankruptcy
Boom
Business
cycle
Bust
Central
bank
Corporation
tax
Direct
taxes
Disposable
income
Downturn
Economic
growth
Employment
Export
Fringe/non
f financial benefits
Gearing
Government
spending
Gross
domestic product (GDP)
Import
Income
tax
Inflation
Interest
rate
Price
elastic
Price
inelastic
Price
stability
Productivity
Recession
Recovery
Slump
Spending
power
Taxation
Value
added tax (VAT)
