Correction:
1-Give from the text the synonyms of the followings concepts and
words:
Reciprocal: ……mutual………… Rise: ……increase…………
Expand: ………enlarge…………Cut down: …decrease……..,
Targeting:………aiming…………. Normal: ……ordinary….…….
2- Determine whether the following sentences are: “true” or
“false”:
   -   The relationship between fiscal resources and global domestic
       product is reciprocal since on one hand the augmentation of the
       global domestic product enhances the ability of the government to
       get more taxes ( true).
   -   The increase of the income issued from taxation makes the
       government able to broaden its public expenditure (true).
   -   Such enlargement has a great impact on the global demand, which
       can be decreased and encourage many investors to enlarge their
       investments. (false)
   -   This relationship may be crucial to determine how much the
       decrease of oil taxes can decrease the two kinds of taxation,
       ordinary and oil taxation (true).
3- The main financial statement are (not from the text):
A: Balance sheet
B: Income statement
c: Cash flow statement
D: The statement of changes in equity
E: Appendix
4- Describe in English the symbols of the following equation:
                 n
N . P . V =−I 0 + ∑t=1 CF(1+i) +rv (1+i)
                            −t         −n
-N.P.V: net present value
-I0: investment costs
-CF: cash flow
-i: discount rate
T: year
-n: lifetime
-rv: residual value
5- Write in Arabic the following:
-N.P.V: صافي القيمة الحالية
-Assets and liabilities: األصول والخصوم
-Shares and bands: األسهم والسندات
-Interest rate: معدل الفائدة