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RideAnS [48]
3 years ago
12

Which of the following best describes Germany’s economy at the end of the 20th century? a. Booming c. Stagnant b. Depression d.

Roller Coaster
History
2 answers:
Gelneren [198K]3 years ago
8 0
The answer is C. Stagnant
GalinKa [24]3 years ago
6 0
<span> do not know what you definition of "end of the century" is, here are the phases of development of the German economy since WW II: </span>

<span>after introduction of German Mark in 1948/1949 until 1973: "Economic Wonder", high growth rates, decreasing unemployment to the point where we hired foreign workers from Italy/Greece/Portugal/Spain, </span>

<span>1973: Oil shock and stagflation: growth rates reduced to 2 - 3 % average until 1990, high inflation which went down by the end of he period to 2 %, rising unemployment up to 8 % </span>

<span>1990: Re-Unification with Eastern Germany triggered a short term high growth rate, but also unemployment increased to nearly 10 % by end of century, economical growth GDP around 1 - 2 %, </span>
<span>significant increase in government debt and deficits as huge investment in East German infrastructure and retirement/health care/ unemployment system. By the end of the century Germany was considered "the sick man of Europe". </span>

<span>From 2002: "Agenda 2010" with major labor market reforms lead to higher employment (today around 6 %), and significant reduction in deficit: today just 8 bn $ and growth rats 2 - 3 % per year.</span>
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