Question

Which statement correctly describes the economy and GDP in most European countries?

Answer 1

Answer:

the most likely effect that economic inequality had on European countries after World War I

Explanation:

Socialist revolutions overthrew governments throughout Europe. Governments halted rebuilding projects in order to reduce taxes. The PIIGS nations have been blamed for slowing the eurozone's economic recovery following the 2008 financial crisis by contributing to slow GDP growth, high unemployment, and high debt levels in the area. Compared to pre-crisis peaks, Spain's GDP was 4.5% lower, Portugal's was 6.5% lower, and Greece's was 27.6% lower as of early 2016.