Reading 1 Vocabulary
Reading 2 Vocabulary
Economic Vocabulary
Describing/Interpreting Graphs
Approximations
100
profit from an investment
return
100
It is a smart idea to put some money into __________ every month. Even $20 a month can grow into a large amount over time.
savings
100
True or False: The amount of or quantity of something available to use or buy is supply.
True
100
On a line graph, what does the horizontal line normally represent?
time
years
months
days
100
Please say any approximation that matches this figure: $99
Possible answers:
almost one hundred dollars
approximately/about/around/roughly one hunderd dollars
(just) under one hundred dollars
200
At my bank, the __________ on a loan to buy a car is about 4.5%
interest rate
200
an amount of something, expressed as a number out of 100
percentage
200
Total _____ for video streaming and downloads on the Internet has increased dramatically between 2010 and 2022 from just under $5 billion to over $20 billion.
revenue
200
True or False: A line graph cannot have more than one line.
False
A line graph can have many many lines!
200
Please say any approximation that matches this figure: ¥1001
Possible answers:
roughly/about/approximately/around one thousand yen
(just) over one thousand yen
more than one thousand yen
300
a period when the economy of a country is not doing well, but not as bad as a depression
recession
300
People who go to university usually have a higher __________ and make more money than people who only went to high school.
income
300
When there are many customers who all want to buy the same product, this is an example of what?
demand
300
On a line graph, what does the vertical line usually represent?
amounts of something
300
Please say any approximation that matches this figure: 49.9%
Possible answers:
nearly/almost fifty percent/half
approximately/about/around/roughly fifty percent/half
(just) under fifty percent/half
less than fifty percent/half
400
What is the meaning of investor
someone who puts money in a bank, business, etc to make a profit
400
What is the meaning of standard of living
how much money and comfort someone has in their life
400
True or False: Expense means that something costs a lot of money.
False
Expense just means something you spend money for.
Expensive means something that costs a lot of money.
400
Make a sentence describing the trend of the green line between 1975 and 1985.
Possible answer: Consumption of fast food by Australian teenagers dramatically increased from under 20 times per year to over 80 times per year between 1975 and 1985.
400
Please say any approximation that matches this figure: 100,000,123
Possible answers:
about/approximately/around/roughly one hundred million
(just) over one hundred million
more than one hundred million
500
What is the meaning of value
how much money something could be sold for; how much something is worth
500
What is the meaning of factor
one of the things that has an effect on a particular situation, decision, event, etc
500
Define economy.
the relationship between production, trade and the supply of money in a particular country or region
-or-
the state of a country or region in terms of the production, consumption, and trade of goods and services, and the supply of money.
500
Make a sentence describing the trend of the blue line between 1975 and 1980.ph?
Possible answer: Between 1975 and 1980, Australian teenagers consumption of pizza slightly increased from almost 10 times per year to approximately over 10 times per year.
500
Surprise! Don't approximate this number. Instead, what adverb can emphasize that you know this number for certain and that it can't be any other number: €50
Possible answers:
exactly/precisely/absolutely fifty euros