POST COLD WAR WORLD
INTEGRATION OF EUROPE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Countries have an excess of resources that cannot be traded in time
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Rich countries continue to get rich
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The top 5 countries contribute to 50% of the EU total budget
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None of the above
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Detailed explanation-1: -Geopolitical rivalries and turmoil in neighboring regions, deep economic and social inequalities, and accelerating global warming make for a tougher environment than the union has ever faced.
Detailed explanation-2: -EU expenditure for 2021-2027 totals EUR 1 824.3 billion, consisting of EUR 1 074.3 billion for the MFF and EUR 750 billion for the NGEU. The MFF budget will be increased by a further EUR 11 billion thanks to the programme-specific adjustment set out in Article 5 of the MFF regulation.
Detailed explanation-3: -How big is the EU budget and who decides on it? The EU serves 27 countries with a total population of 450 million. With these figures in mind, the annual EU budget is actually quite small – around €160-180 billion annually in 2021-27.