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Explain three factors that have contributed to the rapid growth of the Irish economy.” 10 marksThe three main factors that contributed to the growth of the Irish economy were …The increase in government spending within the economy
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Heather Sanders: Economics Essay - Mr Doran Group 2 "Using Figures 1 and 2, describe the growth of the Irish economy between 1990 and 2000." 5 marks During 1990-1995, average percentage growth in Ireland was around 4.5%. This grew to around 8.3% between 1995 and 2000. Over a small period of time, the average percentage growth within Ireland nearly doubled. However over a course of four years, between 1997 and 2000, the percentage change in GNP (Gross National Product), which is what annual percentage growth is measured in, changed somewhat. Between 1997 and 1998, the percentage change in GNP fell from 9.4% to 7.9%. Then from 1998 onward to 2000, the percentage change in GNP gradually rose to 10.4%, which is higher change then what was the original figure for 1997. This indicates improvement within the Irish economy and thus, growth. Explain three factors that have contributed to the rapid growth of the Irish economy."...
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