Economy

Question 1

Spur

Answer 1

v. To encourage an activity or development or make it happen faster

e.g. Tax cuts will spur economic growth

Question 2

Thereby

Answer 2

Adv. By that; as a result of that

e.g. Entrepreneurs invest their tax savings, thereby they create more jobs and profits

Question 3

Rate

Answer 3

n. The amount that is charged as tax on income, interest on loans, etc., usually shown as a percentage

e.g. This increases profits so the business owner pays more taxes at a lower rate

Question 4

Budget

Answer 4

n. The amount of money you have available to spend

Question 5

Advocate

Answer 5

v. To support an idea or cause publicly

Question 6

Laureate

Answer 6

n. A person who has been given a very high honour because of their ability in a subject of study

e.g A Nobel laureate

Question 7

Hold down

Answer 7

v. To keep something, especially costs, at a low level

e.g. The problem is how to hold down government spending

Question 8

Abroad

Answer 8

adj. In a foreign country

Question 9

Purchase

Answer 9

v. To buy something