Task 6. The input below represents some useful information concerning phrasal verbs (most of them deal with recession movements). Read it and do the tasks.
1) Match up the phrasal verbs on the left with the verbs that have a similar meaning on the right:
1.
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bottom out
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a.
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accept (job, responsibility, etc.)
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2.
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bring out
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b.
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continue
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3.
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carry on
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c.
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decline
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4.
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carry out
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d.
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dismiss
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5.
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close down
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e.
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establish
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6.
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count on
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f.
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have confidence in
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7.
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cut back on
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g
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increase (prices)
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8.
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fall off
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h.
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introduce something new
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9.
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lay off
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i.
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postpone, delay
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10.
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level off
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j
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reach the lowest point
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11.
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look through
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k.
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read quickly
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12.
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look for
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1.
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reduce
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13.
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mark up
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m.
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reduce in size
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14.
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pull out of
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n.
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shut
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15.
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put off
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o.
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stabilize
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16.
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scale down
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p
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try to find
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17.
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set up
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q-
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do or undertake
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18.
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take on
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r.
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withdraw from
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1
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2
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3
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4
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5
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6
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7
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8
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9
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10
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11
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12
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13
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14
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15
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16
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17
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18
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2) Use each of the phrasal verbs above once to complete the text. You may need to use the past tense, the past participle or the present continuous form.
After three years of rapid growth, sales began to (1)…………….Then, with the recession, they (2)…………………dramatically. We had to (3)……………..the factory in Ireland, and (4)………………… sixty people. That left a lot of machine workers (5)………………..a job in one small town. They (6)………………….the newspapers every day, but there weren't many job vacancies. The unemployed had to (7)……………….any kind of casual work they could find.
We also had to (8)…………………..staff in the London office, and reconsider the whole British operation that we'd (9)…………………only five years before. Some of the American managers wanted to (10)………………….the British market entirely, and to (11)……………….our whole European business. Instead we have (12)……………….a restructuring, and (13)………………….all our plans for expansion, and for (14)…………………new products. We're trying to (15)………………..as best we can. We might even have to (16)……………….our prices a little, hoping we can (17)…………………our customers' brand loyalty. At least there are some signs that the recession has (18)…………….. .
Task 7. Study the following graph. Complete the description with information you get from the graph.
The year after we took over the company sales were good, at $12m, but the second year they (1) ……………….. In fact, they dropped (2) ……………….. 25%. Sales (3) …………….. for another two years, (4) ……………. for one year, and then (5) …………….. again twice. Since then, there has been a (6) …………….. growth for five years. In fact in just four years, sales rose (7)…………….. $4m (8) ………………. $14m, an increase (9)…………………. 250%.
Task 8. Look at the graph below which illustrates fluctuations in domestic investment in the USA as a percentage of potential Gross National Product, from 1929-1988. The level of investment is clearly linked to the business cycle. Insert the words in the boxes in the texts below.
(A)
contracted depression downturns expanded peak recession recovery upturns boom
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A period of stock market speculation ended dramatically in October 1929 with the infamous Wall Street Crash. There followed a dramatic (1)…………….. The economy (2)……………again after World War II. There was a series of (3)……………… and (4)………………..in the 1950s. There was a long (5)………………..in the 1960s. Investment reached a (6)………………..in 1972, just before the first oil crisis. There was a (7)…………………in 1975 and the economy (8)………………..again in 1982, but each time there was a rapid (9)…………………..
(B)
Now complete the following sentences, using expressions from (A), and these conjunctions:
as a consequence of as a result of because owing to
Investment in 1930 the Crash of 1929.
Private investment during World War II money was needed for the war effort.
There was a in investment in the 1960s the government's incentive policies.
Investment at the end of the 1970s the Federal Reserve's tight monetary policy
Task 9. Complete the sample answer below with the correct expression according to the information in the graph.
This graph shows changes in the popularity of three different activities in a UK sports club over a period, of 20 years.
In 1983 around 50% of club members participated in swimming so this was clearly the most popular activity. However, this figure 1 dipped/decreased steadily to 15% in ]998 and 2 remained constant/levelled off at this rate until 2003.
In contrast, 32% of members did team sports in 1983, and this rate 3 stood at/reached a peak of 40% in 1998 before 4 dropping/growing to its former level. Participation rates for team sports 5 increased/overtook those for swimming and became the highest for all activities from 1993 to 2003.
Finally, participation in gym activities 6 finished at/stood at only 5% in 1983, but this figure 7 fell/grew rapidly from 1988 to 1998, eventually 8 levelling off at/reaching a peak of around 25%, making gym the second most popular activity.
Overall, participation in swimming 9 fluctuated/dropped considerably during the period. Team sports, however, remained popular, while participation in gym activities 10 declined/rose significantly over the period.
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