Europe's Economies: Checkpoint 1

Quick checkpoint - five questions on Europe's growth gap, Germany, France, the UK and the Nordic model.

Quick checkpoint - five questions on Europe’s growth gap, Germany, France, the UK and the Nordic model.

Question 1 of 5 What explains much of the gap in growth between Europe and the United States?

Europe has no industry Slower productivity growth, especially in technology industries Europe has more people Europe does not trade

Shorter working hours also explain part of the gap in output per person.

Question 2 of 5 What is the Mittelstand?

Germany's central bank Germany's many specialised small and medium-sized, often family-owned, firms A German tax A type of car

Some are hidden champions that dominate global niches.

Question 3 of 5 In 2023, France raised its minimum retirement age from 62 to what?

60 64 67 70

The reform was passed despite large protests.

Question 4 of 5 What is the UK's productivity puzzle?

Productivity growth has been very slow since the 2008 crisis Productivity has grown faster than anywhere else The UK does not measure productivity Productivity only rose in manufacturing

Low investment and slow technology diffusion are among suggested causes.

Question 5 of 5 What does Denmark's flexicurity combine?

High tariffs and low taxes Easy hiring and firing with generous support and retraining for workers State ownership and fixed prices No unemployment benefits

The idea is to protect workers rather than particular jobs.

← Back to Southern Europe: Italy, Spain, Portugal and Greece Next lesson → Central and Eastern Europe's Catch-Up

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