IELTS Vocabulary: Economy & Money

Here is the text of the article I linked to in this post. This article will help you boost your vocabulary on a common IELTS topic Economy & Money.

If you haven’t read it yet, please read the article and make a note of useful vocabulary. Then, compare your list to the words and phrases highlighted in the text below.

THE ARTICLE:

What if we defined success not by the money we spent and the goods we consumed but by the quality of life we create not only for ourselves but for everyone with whom we share the planet? What if we added up the positives of economic growth and subtracted from them the clear negatives, so we had a better picture of whether we were headed in the right direction?

The Genuine Progress Indicator (GPI) does exactly that.  With 26 indicators, the GPI consolidates critical economic, environmental and social factors into a single framework in order to give a more accurate picture of the progress – and the setbacks – we have made.

From the costs of crime, pollution, commuting and inequality to the value of education, volunteer work, leisure time and infrastructure, the GPI helps us understand the true impacts of our policies and will lead us on the path toward a genuinely sustainable economy.

There are 26 separate indicators that comprise the Genuine Progress Indicator.

As you may have noticed, I have only pasted here the introduction to the article. This short text contains excellent topic-specific vocabulary you can use to answer a variety of questions in the four IELTS exams. Please use the vocabulary above to answer this question.

You can post the introduction or a brainstorm of ideas in the comments below.

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