SSC
WORLD GEOGRAPHY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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What are most European economies characterized by?
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Primary economic activities
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Newly developed industries
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High levels of development
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Less development
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Explanation:
Detailed explanation-1: -The GDPs of Germany, France and Italy make up more than half of the EU’s entire economic output. The UK, which joined the EU in 1973 and formally left in 2020, would have been the second-largest economy in the region at $3.4 trillion. The IMF has a gloomy outlook for the EU in 2023, anticipating growth of just 0.7%.
Detailed explanation-2: -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.
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