The Weight of National Debt (Leaving Cert Geography): Quizzes
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Practise the questions
12 questions from this quiz
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Practise the questions
12 questions from this quiz
What is the alternative term for national debt?
What is the alternative term for national debt?
Public debt
How many primary ways does high national debt disempower citizens and societies?
How many primary ways does high national debt disempower citizens and societies?
Six
What % of budgets can debt servicing consume in heavily indebted nations?
What % of budgets can debt servicing consume in heavily indebted nations?
20-30% or more
In what year did Ireland confront a severe economic crisis?
In what year did Ireland confront a severe economic crisis?
2010
How much was Irish banks' property lending relative to Ireland's GDP?
How much was Irish banks' property lending relative to Ireland's GDP?
Four times Ireland's GDP
What was the value of Ireland's bailout package?
What was the value of Ireland's bailout package?
€85 billion
In what year did Ireland exit the bailout programme?
In what year did Ireland exit the bailout programme?
2013
What was Ireland's peak unemployment rate during the crisis?
What was Ireland's peak unemployment rate during the crisis?
15.9% in 2012
How did Ireland's standard VAT rate change in 2012?
How did Ireland's standard VAT rate change in 2012?
21% to 23%
What is the current status of the Universal Social Charge (USC)?
What is the current status of the Universal Social Charge (USC)?
Remains in place today
How many people emigrated from Ireland during the crisis period?
How many people emigrated from Ireland during the crisis period?
397,000
What age group formed the majority of emigrants leaving Ireland?
What age group formed the majority of emigrants leaving Ireland?
18-24