ECONOMICS
ECONOMIC GROWTH
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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East
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West
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Either A or B
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None of the above
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Detailed explanation-1: -In 2021, Luxembourg recorded the highest level of GDP per capita in the EU followed by Ireland, Denmark and the Netherlands.
Detailed explanation-2: -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-3: -Basic Info. Western Europe GDP Per Capita Outlook is at a current level of 55262.24, up from 53080.56 one year ago.
Detailed explanation-4: -More VC activity in Western Europe The VC activity in Western Europe is more strong than in Eastern Europe. Countries located in Western Europe have more developed economies. They also have a higher level of income per capita.