ECONOMICS
BARRIERS TO TRADE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Ukraine
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Germany
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France
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Russia
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Detailed explanation-1: -GDP of European countries in 2021. With a Gross Domestic Product of over 3.57 trillion Euros, the German economy was by far the largest in Europe in 2021. The similar-sized economies of the United Kingdom and France were the second and third largest economies in Europe during this year, followed by Italy and Spain.
Detailed explanation-2: -Germany is home to the largest economy in Europe. Highly industrialized and diversified, the national economy accounts for around 25 percent of European gross domestic prodction. Germany’s economy has been affected by the global coronavirus pandemic.
Detailed explanation-3: -Germany is the fourth largest economy in the world after the United States, China and Japan and the largest economy in Europe. It is the third largest export nation globally: With 70% the service sector contributes the largest part to the country’s GDP.
Detailed explanation-4: -Germany (€4.0 trillion), United Kingdom (€3.2 trillion), France (€2.7 trillion), Russia (€2.1 trillion), Italy (€1.9 trillion), Spain (€1.4 trillion)