Asignment Questions
Answer Question A and Question B
(a) Ireland’s G/GDP % is projected to be 23% in 2022 (OECD, 2022). This compares to a Furo-area average of 51% and an OECD average of 44%. Does this mean that Irish public spending is too low in your opinion?
(b) Ireland’s debt is projected to be (234 billion (or 50% GDP) by the end of 2022. Explain any two possible economic consequences of this borrowing for the Irish economy.
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