Mock Exam 2023-2024
Mock Exam 2023-2024
Date…………………………………………………………………
Grade………………………………………………………………………Observation………………………………………………………
I-Reading
Supply and demand determine how much something costs. If more money enters into circulation –
for example, as a result of cheap credit – demand for goods rises because people have more money
to buy them. If the supply of products and services does not expand at the same rate, people cannot
buy more even though there is more money in the system. As a result, prices rise.
With everything getting more expensive, you get less and less for the same amount of money. Every
single euro loses some of its value. That means that purchasing power is declining. A ticket for the
underground in Vienna, for example, cost € 1.80 in 2011; by 2015, the price had gone up to € 2.20.
Purchasing power is determined not by the price of single items such as this ticket, but by the prices
of many other goods that we buy regularly
Every month, the national statistics bureau -Statistik Austria- puts together an average mix of
consumer goods in a “market basket” and calculates how much prices have gone up on average. For
example, if the price tag on the goods in the market basket is 2.8 per cent higher than twelve months
ago, the inflation rate is 2.8 per cent
Inflation rates have been low in Europe for many years. The continent has enjoyed “price stability”.
Even so, many people have a feeling that inflation is quite substantial. Their feeling does not deceive
them: there is also something called “perceived inflation”.
The prices of goods we need nearly every day – food, for example – go up faster than those for TV
sets or cars. But because we don’t buy cars and TV sets very often, we do not consider them when
we think about inflation.
2- those……………………………………………………………………
II- Language
A-Fill the gaps with the appropriate words from the list (2 points)
2-You ……………………go to the university to register; you can send your application by e-mail.
1-I’m really sorry for this (understanding)………………………..; I didn’t mean to hurt you.
If……………………………………………………………………………….
2-The world financial leaders signed a new trade agreement last month.