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

question 109

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
Which of the following is true regarding Ireland's economy?

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

Understand the effects of sectoral shifts on unemployment.

Recognize the effectiveness of public programs in reducing unemployment.

Acknowledge the consequences of unemployment insurance on the labor market.

Understand the relationship between stress and illness.

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Definitions:

Flashbulb Memories

Vivid, detailed recollections of significant or traumatic events, which are imprinted with high clarity as if taken by a camera’s flash.

Vivid

Descriptive of something strikingly bright or intense, either visually or in terms of perception, making it likely to attract attention or create a strong impression.

Emotional Areas

Regions within the brain, such as the amygdala and prefrontal cortex, that are fundamentally involved in processing, regulating, and responding to emotional stimuli.

Autobiographical Memory

A type of memory system consisting of episodes recollected from an individual's life, based on a combination of episodic (personal experiences) and semantic (facts and concepts) memory.