State and explain 5pieces of information of living standard

Reference no: EM13187985

A. Ireland is a very small open economy. Trace the likely economic consequences if the government used an expansionary fiscal policy to stimulate the economy.

B. GNP at Current Market Prices for 2007 was 60% higher than the figure for 2000. State and explain 5 other pieces of information that would be useful to assess whether the average standard of living has risen by 60% in that period.

Reference no: EM13187985

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