Circle the correct option in the case of each of the following statements - Leaving Cert Business - Question 4 - 2019
Question 4
Circle the correct option in the case of each of the following statements.
(i) Inflation is the increase / decrease in the cost of living over a period of time.
(i... show full transcript
Worked Solution & Example Answer:Circle the correct option in the case of each of the following statements - Leaving Cert Business - Question 4 - 2019
Step 1
Inflation is the increase / decrease in the cost of living over a period of time.
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Answer
Inflation is the increase in the cost of living over a period of time.
Step 2
Bank interest rates for Eurozone members are set by the Single European Market / European Central Bank.
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Answer
Bank interest rates for Eurozone members are set by the European Central Bank.
Step 3
When the Euro (€) increases in value against the US dollar ($), the price of Irish exports in the US increases / decreases.
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Answer
When the Euro (€) increases in value against the US dollar ($), the price of Irish exports in the US decreases.
Step 4
A decrease in PAYE leads to more / less disposable income for an employee.
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Answer
A decrease in PAYE leads to more disposable income for an employee.
Step 5
An increase in employment should lead to more / less revenue for the Irish Government.
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Answer
An increase in employment should lead to more revenue for the Irish Government.
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