The following data are estimates describing Ireland's economy in 2006 and 2007 (in millions of euro constant prices) :
Which of the following is true regarding Ireland's economy?
A) GDP decreased from 2006 to 2007.
B) Consumption was 48 percent of Ireland's GDP in 2007.
C) Net exports decreased from 2006 to 2007.
D) The change in GDP from 2006 to 2007 represented a peak in the business cycle.
Correct Answer:
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