If Real GDP Per Capita in Ireland Is Estimated to Be

question 113

Multiple Choice

If real GDP per capita in Ireland is estimated to be $7,400 in 2016,what will real GDP per capita be in 2021 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:

Spin-off

A type of corporate reorganization in which a company creates a new independent company through the sale or distribution of new shares of its existing business.

Vertical Integration

An approach where a business grows by integrating various stages of its supply chain, including instances where a producer owns both its supplier and distributor.

Economies of Scale

Cost advantages that enterprises obtain due to scale of operation, with cost per unit of output generally decreasing with increasing scale.

Operating Efficiencies

A measure of how well a company utilizes its resources to produce goods and services, often reflecting in the reduction of costs and improvement in output.