TOPIC 5: Our economy
Worksheet 5.2: Economic growth — Missing words and
terms
Word List: inflation, employment, stability, productive, services, demand, resources,
economic, unemployment, poverty, standards, problems
Strong economic growth is defined as a growth rate of between 3 per cent and 4 per cent on
average. At this rate of economic growth, goals such as low _______________, full
______________ and external ______________ should be achievable. However, a higher
rate of growth would lead to economic ______________, and, living standards would
ultimately suffer. At a rate of 5 per cent per year, the pace of the economy would be pressed
beyond its ______________ capacity. The producers of goods and ____________ would not
be able to keep up with the demand. This would cause cost and ____________ inflation due
to general shortages of _____________ and of finished goods and services. However, an
____________ growth rate of less than 2 per cent per year would also endanger the
government’s economic goals. The ______________ rate would rise since there would not be
enough jobs created for a growing labour force. Higher unemployment would lead to
_________________ and falling material living ______________.
1.
Unscramble the terms below then write the correct definition in the space provided.
a) ssrog tdomecis pdtucro: _________________________________________________
_____________________________________________________________________
b) PGD erp pitaac: _______________________________________________________
_____________________________________________________________________
c) meconcio ohrgtw: _____________________________________________________
_____________________________________________________________________
d) erggageta mdaedn: _____________________________________________________
_____________________________________________________________________
e) earl ssgro mtcdiose ucorptd: _____________________________________________
_____________________________________________________________________
© John Wiley & Sons Australia, Ltd
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Worksheet 5.2
f) senituaslab wohgrt tera: _________________________________________________
_____________________________________________________________________
g) ionatlfin______________________________________________________________
________________________________________________________________________
© John Wiley & Sons Australia, Ltd
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