New York’s Economy
This time we'll talk about the state of New York in the USA. A report by the Fiscal Policy Institute, which is an economic think-tank or committee that generally focuses on issues that affect the quality of life and economic well-being of New York workers,claims that although America as a nation has enjoyed many years of record-setting economic expansion, the same cannot be said about the state of New York. Although median incomes for America as a whold. This led to very little improvement in the workers' standards of living from where they were in the last ten or even twenty years ago. The new analysis by the Fiscal Policy Institute also suggests that there are severe regional differences in New York's ten regions. Case in point, the Upstate economy has not benefited at all from America's booming times. In fact, their economy has been relatively sluggish. At the same time,the Downstate region's economic growth hinges on Wall Street. and many New Yorkers living in the city's suburbs are still struggling. Looking at government date, we can see that although New York enjoys many resources, these resources do not seem to benefit the state by means of pay or living conditions for New York workers during economic good or bad times in America. Using this same date, we can conclude that in order for all New Yorkers to benefit from the economy , we cannot rely just on grouth. Instead, we nne to analyze the growth and find out how it affects not only the workers, but also their families across the entire state. Clearly , the state must take some responsibility and step in ande help families that are not benefiting from a growing economy.
New York’s Economy
1. What is the main idea of the lecture?
A In the late 20th century, the economy of New York was not affected much by the national economy.
B In the late 20th century, the economy of New York didn’t contribute to the national economy.
C In the late 20th century, the urbanization in New York created a big discrepancy in financial situations between urban people and suburban people.
D In the late 20th century, the pay or living conditions of New York workers worsened.
2. Which of the following is NOT mentioned in the lecture?
A The economy of New York is not necessarily related with the national economy.
B The influence of the economic growth on New York workers varies in regions.
C The state government should take actions on helping families get some benefits our of the booming economy.
D The workers living in New York City are struggling because the stock market does not influence their living standards.