Part Ⅳ Cloze Directions: The following are a list of 15
words and phrases and a passage with 15 blanks. Read the passage carefully and
choose one word or phrase from the list for each of the blanks in the passage.
Chang the form of the words and phrases if necessary. Write your answers on the
ANSWER SHEET.
Inflation is a period of rapid rises in prices. When your
money buys fewer goods so that you get (61) for the same
amount of money as before, inflation is the problem. Sometimes people describe
inflation as a time when "a dollar is not (62) a dollar
anymore". Inflation is a problem for all consumers, especially
people who live on a fixed income. Retired people, for instance, cannot
(63) on an increase in income as prices rise. They face
serious problems in stretching their incomes to (64) their
needs in time of inflation. Many retired people must cut their spending to
(65) rising prices. In many cases they must stop
(66) some necessary items, such as food and clothing. Even
(67) working people whose incomes are going up, inflation
can also be a problem. The (68) of living goes up, and they
must have even more money to maintain their standard of living. When incomes do
not keep (69) with rising prices, living standard goes down.
People may be earning the same amount of money, but they are not living
(70) because they are not able to buy as many goods and
services. Government units gather information about prices in
our economy and publish it as price indexes from (71) the
rate of price change can be determined. A price index measures changes in prices
using the price for a (72) year as the base. The base price
is set (73) 100, and the other prices are reported as a
(74) of the base price. A price index makes (75)
possible to compare current price with that in previous
years. percentage cost given
as well count
buying at
less worth to
keep up with pace which
it meet