Key Economic Indicators (LC 2027) (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 consumer confidence reflect in the Irish economy?
What does consumer confidence reflect in the Irish economy?
How optimistic people feel about economy
What happens to consumer spending when unemployment is low?
What happens to consumer spending when unemployment is low?
Increased spending on luxury items
How many food service businesses closed following VAT increases?
How many food service businesses closed following VAT increases?
612 businesses
What effect does a stronger euro have on Irish consumers?
What effect does a stronger euro have on Irish consumers?
Can afford more foreign holidays & imports
How many active enterprises did Ireland have in 2022?
How many active enterprises did Ireland have in 2022?
389,654 enterprises
What percentage of Irish businesses are SMEs?
What percentage of Irish businesses are SMEs?
99.8%
What percentage of total employment do SMEs account for?
What percentage of total employment do SMEs account for?
67.9%
Which sector employs the most workers in Ireland?
Which sector employs the most workers in Ireland?
Services sector (55.1%)
What does turnover represent for a business?
What does turnover represent for a business?
Total value of sales generated
What does Gross Value Added (GVA) measure?
What does Gross Value Added (GVA) measure?
Value businesses add to goods & services