If Real GDP Per Capita in Ireland Is Estimated to Be

question 80

Multiple Choice

If real GDP per capita in Ireland is estimated to be $7,400 in 2018,what will real GDP per capita be in 2023 if real GDP per capita grows at an annual rate of 2.8%?

• A)$7,607
• B)$8,496
• C)$9,472
• D)$20,720

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Definitions:

Recurring Cost

Expenses that occur at regular intervals, such as monthly rent or annual subscriptions.

Back-end Ratio

The back-end ratio measures a person's total debt payments as a percentage of their income, commonly used by lenders to assess borrowing capacity.

Pre-approved

An initial approval indicating a customer may qualify for certain loans or credit cards, usually based on a preliminary credit information review.

Gross Annual Income

Gross Annual Income refers to the total amount of income earned in a year before any deductions are made, such as taxes and retirement contributions.