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Read the following passage and mark the letter A, B, C, or D on your answer sheet to indicate the correct answer to each of the questions from 35 to 42.
While experts can estimate what the economic fallout from a pandemic such as the coronavirus will be, the precise impact will vary based on how many people are affected, how severely it hits, and which societal interventions are necessary to contain its spread.
Financial projections for COVID-19 run the gamut. The Organization for Economic Cooperation and Development, an entity with 36 member countries, estimated earlier this month that a long-lasting and severe coronavirus pandemic that spreads throughout Asia, Europe and North America could cut the global growth rate to 1.5-percent in 2020. That is roughly half the growth the world economy would otherwise achieve. A separate analysis by the consulting firm McKinsey & Company offers a similar outlook. Its research suggests that a more severe COVID-19 pandemic, in which city and suburban residents would have to
significantly change their work habits and otherwise distance themselves socially for six to eight weeks, could cut global GDP in half, to between 1% percent and 1.5%.
Increasingly, those projections look too rosy for the situation that is now unfolding. Already, roughly 1 in 3 Americans are being ordered to stay indoors, creating a huge drag on consumer demand and worker productivity. Goldman Sachs estimates that as many as 2.25 million Americans will make their initial filing for unemployment benefits this week, a roughly eight-fold increase from last week. The chief U.S. economist for Oxford Economics, Greg Daco, told the New York Times last week that a recession is all but inevitable. He estimates that GDP will sink 0.4% in the first quarter before plunging 12% in the second quarter. Goldman Sachs offered an even more dire estimate, suggesting a second-quarter decline of 24%.
A century ago, the economic toll from the Spanish Flu was not particularly long-lasting. However, no one can say for certain whether that will be the case this time around. Certainly, the more effective governments in the U.S. and abroad are in facilitating medical care and reducing the rate of transmission, the more muted the economic impact will be.
Question 35: Which of the following best serves as the title for the article? A. Experts’ estimation of COVID-19 B. Global GDP cut due to COVID-19 C. COVID-19 in comparison with Spanish Flu D. The Impact of COVID-19
Question 36: The word “outlook” in paragraph 3 most probably means ______.
A. payment B. prospect C. context D. collection
Question 37: The consulting firm McKinsey & Company suggests that a more severe COVID-19 pandemic could cut global GDP to ______.
A. 1-1.5% B. 1.5-2% C. 2-2.5% D. 2.5-3%
Question 38: The word “their” in paragraph 3 refers to ______.
A. analyses B. cities C. residents D. weeks
Question 39: What has created a huge drag on consumer demand and worker productivity?
A. The projections look too rosy for the situation. B. Roughly 1 in 3 Americans are being ordered to stay indoors.
C. Too many people ask for unemployment benefits. D. The recession is all but inevitable.
Question 40: The word “rosy” in paragraph 4 is closest in meaning to ______.
A. hopeful B. stupid C. initial D. slight
Question 41: Which of the following is NOT true, according to the article?
A. The precise impact of the coronavirus will vary. B. The global growth rate may be 1.5% in 2020 due to coronavirus pandemic. C. 2.25 million Americans will ask for unemployment benefits this week. D. Goldman Sachs estimates that GDP will plunge 12% in the second quarter.
Question 42: What can be done to minimize economic impact of COVID-19? A. Saying something for certain about the pandemic B. Comparing it with Spanish Flu C. Effective medical care and low rate of transmission D. Stop working and moving abroad
Giải thích...
While experts can estimate what the economic fallout from a pandemic such as the coronavirus will be, the precise impact will vary based on how many people are affected, how severely it hits, and which societal interventions are necessary to contain its spread.
Financial projections for COVID-19 run the gamut. The Organization for Economic Cooperation and Development, an entity with 36 member countries, estimated earlier this month that a long-lasting and severe coronavirus pandemic that spreads throughout Asia, Europe and North America could cut the global growth rate to 1.5-percent in 2020. That is roughly half the growth the world economy would otherwise achieve. A separate analysis by the consulting firm McKinsey & Company offers a similar outlook. Its research suggests that a more severe COVID-19 pandemic, in which city and suburban residents would have to
significantly change their work habits and otherwise distance themselves socially for six to eight weeks, could cut global GDP in half, to between 1% percent and 1.5%.
Increasingly, those projections look too rosy for the situation that is now unfolding. Already, roughly 1 in 3 Americans are being ordered to stay indoors, creating a huge drag on consumer demand and worker productivity. Goldman Sachs estimates that as many as 2.25 million Americans will make their initial filing for unemployment benefits this week, a roughly eight-fold increase from last week. The chief U.S. economist for Oxford Economics, Greg Daco, told the New York Times last week that a recession is all but inevitable. He estimates that GDP will sink 0.4% in the first quarter before plunging 12% in the second quarter. Goldman Sachs offered an even more dire estimate, suggesting a second-quarter decline of 24%.
A century ago, the economic toll from the Spanish Flu was not particularly long-lasting. However, no one can say for certain whether that will be the case this time around. Certainly, the more effective governments in the U.S. and abroad are in facilitating medical care and reducing the rate of transmission, the more muted the economic impact will be.
Question 35: Which of the following best serves as the title for the article? A. Experts’ estimation of COVID-19 B. Global GDP cut due to COVID-19 C. COVID-19 in comparison with Spanish Flu D. The Impact of COVID-19
Question 36: The word “outlook” in paragraph 3 most probably means ______.
A. payment B. prospect C. context D. collection
Question 37: The consulting firm McKinsey & Company suggests that a more severe COVID-19 pandemic could cut global GDP to ______.
A. 1-1.5% B. 1.5-2% C. 2-2.5% D. 2.5-3%
Question 38: The word “their” in paragraph 3 refers to ______.
A. analyses B. cities C. residents D. weeks
Question 39: What has created a huge drag on consumer demand and worker productivity?
A. The projections look too rosy for the situation. B. Roughly 1 in 3 Americans are being ordered to stay indoors.
C. Too many people ask for unemployment benefits. D. The recession is all but inevitable.
Question 40: The word “rosy” in paragraph 4 is closest in meaning to ______.
A. hopeful B. stupid C. initial D. slight
Question 41: Which of the following is NOT true, according to the article?
A. The precise impact of the coronavirus will vary. B. The global growth rate may be 1.5% in 2020 due to coronavirus pandemic. C. 2.25 million Americans will ask for unemployment benefits this week. D. Goldman Sachs estimates that GDP will plunge 12% in the second quarter.
Question 42: What can be done to minimize economic impact of COVID-19? A. Saying something for certain about the pandemic B. Comparing it with Spanish Flu C. Effective medical care and low rate of transmission D. Stop working and moving abroad
Giải thích...
