ECONOMICS
ECONOMIC GROWTH
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Romania.
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Portugal.
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Greece.
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Spain.
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Detailed explanation-1: -In 2021, the unemployment rate in Greece was around 14.8 percent. Today, Greece reports the highest unemployment rate of all EU states. Greece is a developed country with a high-income economy, whose primary industry revolves around tourism and shipping.
Detailed explanation-2: -The Greek economy is over-regulated and hence hurts investment in the country which hurts youth employment, and also has a lumbering public sector which strains government finances. The government debt of Greece is over 180% of GDP as of 2018 and hence has a major impact on the Greek government’s finances.
Detailed explanation-3: -Among European Union countries in October 2022, Spain had the highest unemployment rate at 12.5 percent, followed by Greece at 11.6 percent.
Detailed explanation-4: -South Africa-29.2% Djibouti-26.1% Equatorial Guinea-25% Botswana-24.9% Grenada-22.9% Eswatini-22.7% Lesotho-22.4% Gabon-20.4% More items