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Questions and Answers
Output produced in 2023 but sold in 2024
Output produced in 2023 but sold in 2024
- Is accounted for both in 2023 and in 2024 GDP
- Enters only 2024 GDP
- Is split between 2023 and 2024 GDP
- Enters only 2023 GDP (correct)
Which of the following enters GDP as Investment?
Which of the following enters GDP as Investment?
- New house being bought by a couple
- Unsold production
- Both a and b are correct (correct)
- Neither a nor b are correct
GDP - GNP
GDP - GNP
- Is always positive
- Is very close to 0 in Ireland
- Both a and b are correct
- Neither a nor b is correct (correct)
Median disposable income
Median disposable income
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The circular flow of income implies that
The circular flow of income implies that
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The circular flow of income implies that
The circular flow of income implies that
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In the last 10 years or so
In the last 10 years or so
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Transfers to unemployed people
Transfers to unemployed people
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In Ireland
In Ireland
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According to the fiscal compact
According to the fiscal compact
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GNI*
GNI*
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The gross domestic product
The gross domestic product
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