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

question 307

Multiple Choice

The following data are estimates describing Ireland's economy in 2006 and 2007 (in millions of euro constant prices) : Which of the following is true regarding Ireland's economy?

• A) GDP decreased from 2006 to 2007.
• B) Consumption was 48 percent of Ireland's GDP in 2007.
• C) Net exports decreased from 2006 to 2007.
• D) The change in GDP from 2006 to 2007 represented a peak in the business cycle.

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Definitions:

Alcoholism

A chronic condition characterized by uncontrolled drinking and a preoccupation with alcohol, despite adverse effects.

Drinking Alcohol

The consumption of beverages containing ethanol, which can have various social, cultural, and physiological effects.

Pre-smoking Levels

Baseline levels of physiological or psychological measures before an individual starts smoking.

College-aged Women

Female individuals typically within the age range of 18 to 22 years who may be attending a college or university.