Ireland's Economy: Checkpoint 1

Quick checkpoint - five questions on Ireland's economy, the famine, protectionism, the Celtic Tiger and corporate tax.

Quick checkpoint - five questions on Ireland’s economy, the famine, protectionism, the Celtic Tiger and corporate tax.

Question 1 of 5 Why is Ireland's GDP per person misleading?

Multinational profits inflate it It's underestimated Ireland has no multinationals It excludes farming

GNI* gives a truer picture.

Question 2 of 5 What caused the Great Famine?

Potato blight combined with policy failures A war An earthquake Too much rain only

Food exports continued during the famine.

Question 3 of 5 What did the 1958 Whitaker report recommend?

Opening the economy and attracting investment More tariffs Leaving Europe Banning exports

It ended protectionism.

Question 4 of 5 What was the Celtic Tiger?

Ireland's rapid growth from about 1995 to 2007 A bank A tax A sports team

FDI, education and EU funds drove it.

Question 5 of 5 What is Ireland's standard corporate tax rate?

12.5 percent 30 percent 0 percent 50 percent

Large firms now pay 15 percent.

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