Pre-reading questions:
- Would you like to travel to Middle East?
- What do you want to see in Saudi Arabia?
Vocabulary:
- product [noun] – something that is made and sold
Japanese products are very popular nowadays. - source [noun] – is the person, place, or thing which you get something from
The source of the fire in the building is unknown. - tax [noun] – amount of money that you have to pay to the government so that it can pay for public services.
The taxes in the Philippines are too high. - economy [noun] – the money and resources of a country
Japan is hoping for a better economy this year. - Value Added Tax (VAT) – [noun] a tax on spending on goods and services
I paid $50 for this trip because of the VAT.
Oil is the largest product of Saudi Arabia. It is also the biggest source of money for the government. People in Saudi Arabia have enjoyed living without paying taxes for many years. However, the price of oil has continued to drop since 2014. This has affected the economy of Saudi Arabia. As a result, its government has approved a 5 percent VAT on some items.
True or False:
- All products will have an additional 5 percent tax.
- The economy of Saudi Arabia has been doing well since 2014.
- The Saudis used to have a debt-free life for many years.
- The Saudi Arabian government’s main source of money is oil.
- Saudi Arabia just started selling oil in 2014.