What is the Economy? (Leaving Cert Business): Quizzes
📚Quizzes
Practise the questions
10 questions from this quiz
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Practise the questions
10 questions from this quiz
What does the economy refer to?
What does the economy refer to?
How goods & services are made & consumed
What type of economy does Ireland have?
What type of economy does Ireland have?
A small, open economy
How many EU countries use the euro as their currency?
How many EU countries use the euro as their currency?
20 countries
Which countries have a centrally planned economy?
Which countries have a centrally planned economy?
North Korea & Cuba
In Ireland's mixed economy, which services are partly run by the state?
In Ireland's mixed economy, which services are partly run by the state?
Hospitals, schools, & transport
How many stages are in the economic cycle?
How many stages are in the economic cycle?
Four stages
What does GDP measure?
What does GDP measure?
Total value of goods & services produced
How long must a decline in economic activity last to be called a recession?
How long must a decline in economic activity last to be called a recession?
At least six months
When was Ireland's Celtic Tiger period?
When was Ireland's Celtic Tiger period?
1995-2008
What is Ireland's current national debt?
What is Ireland's current national debt?
Over €200 billion