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. Although median incomes of wages increase for workers in NewYork between 1997 and to 2000 they felt short of the median income 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.
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
B In the late 20th century, the economy of New York didn’t contribute to the national
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
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.