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

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Definitions:

Mayo And Hawthorne

Refers to a series of experiments that concluded the attention given to employees and their environmental conditions impacts their productivity, laying groundwork for human relations management.