ECONOMICS
TECHNOLOGY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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industrialized economies
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high GDP per capita
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Western European
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None of the above
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Detailed explanation-1: -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.
Detailed explanation-2: -Differences in real GDP across countries can come from differences in population, physical capital, human capital, and technology. After controlling for differences in labor, physical capital, and human capital, a significant difference in real GDP across countries remains.
Detailed explanation-3: -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.