Passage 2
It is time to junk much conventional wisdom about the US economy. Until recently, most analysts assumed the recovery from recession would remain abnormally weak. And looking further ahead they assume that the US would continue to decline
Passage 2
It is time to junk much conventional wisdom about the US economy. Until recently, most analysts assumed the recovery from recession would remain abnormally weak. And looking further ahead they assume that the US would continue to decline economically relative to other industrial countries, principally Japan and a more unified European Community.
Both assumptions are now looking shaky. A clutch of much stronger than expected data suggests the US recovery is finally beginning to take off. Output per hour increased 2.7percent last year-the fastest productivity growth in 20 years.
With productivity increases translating into impressive gains in corporate profits, US share prices are hitting record high and the dollar is beginning to climb relative to other leading currencies. For internationally mobile capital, the attractions of the US economy are enhanced by worse than expected performance just about everywhere else. Growth throughout Europe is being held back by the strains imposed by German unification and currency instability, Japan, meanwhile, is struggling with its worst financial crisis in decades.
President Mr. Bill Clinton is not only inheriting a lean, productive economy, he is inheriting the most encouraging inflation outlook for a generation. Consumer prices are expected to rise by only about 2.5% to 3% this year and next.
Mr.Clinton, however, in his State of Union address on February 17, is expected to announce an economic stimulus worth about US $ 30 billion, or 0.5 percent of GDP. He will also announce longer term plans to tackle the familiar budget deficit, now running at about $ 300 billion but expected nearly to double within a decade because of runaway growth of spending on health care and other ‘entitlement’ programs.
Statements:
48.The US economy recovery becomes more attractive for internationally mobile capital because the US recovery is abnormally strong.
A、True
B、False
【正确答案】:B
【名师解析】:题目中提到,许多分析师之前认为美国经济的复苏将会异常疲软,但最近的数据表明美国经济的复苏开始加速,生产力增长迅速,企业利润增加,股价创新高,美元相对其他主要货币开始升值。此外,其他地区的表现不如预期,这使得美国经济对国际流动资本更具吸引力。然而,题目中并没有提到美国经济复苏异常强劲,而是说它比预期的要强。因此,陈述48中的"abnormally strong"(异常强劲)与原文中的描述不符,所以答案是B. False。
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