Solved

The Following Data Are Estimates Describing Ireland's Economy in 2006

Question 158

Multiple Choice

The following data are estimates describing Ireland's economy in 2006 and 2007 (in millions of euros, in constant prices) : 2006 2007
Consumption 84,000 89,000
Government expenditure 24,000 26,000
Investment 48,000 48,000
Exports 142,000 151,000
Imports 123,000 128,000
Subsidies 1,800 1,900
Taxes 500 500
Ireland's real GDP in 2007 was ________ million euros.


A) 442,000
B) 186,000
C) 188,400
D) 163,000

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q153: In the national income accounts, net interest

Q154: In 2016, net exports in the United

Q155: The largest component of GDP in the

Q156: Canada's economy expanded by...0.1 percent in the

Q157: If a measure of real GDP could

Q159: The income approach to measuring GDP sums

Q160: List and compare the four components of

Q161: Explain the difference between the capital stock,

Q162: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8586/.jpg" alt=" -Using the data

Q163: Is every product produced in the United