exum_ECO2013 - Sabrina Exum Professor Barbara Moore ECO...

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Professor Barbara Moore ECO 2013 10 April 2011 The country of Germany is located in central Europe between Poland and the Netherlands, and it also borders both the North and Baltic Sea. Its capital is Berlin. The German government is a federal republic and entails a central government and sixteen federal states. Its “Basic Law” is considered its Constitution and states how Germany develops its legal matters and universal laws that its citizens must abide by. The purpose for the Basic Law is to combine the aspects of a unified nation with those of a federal nation. It has a three branch financial system that includes public, private, and banks that are co-operative. (Hartmann) Germany is the fifth largest economy in the world and Europe’s largest economy. Germany’s economic standing relies heavily on its factory production. It has large amounts of coal, metals, and natural gases in the land, and many factories within the country are involved in metal goods or mining. It is the biggest exporter of machinery, chemical goods, cars, and certain household machines and equipment. According to the CIA World Factbook, Germany has a highly skilled labor force of 43.35 million people that enables it to have such wealth. According to the 2011 Index of Economic Freedom, government spending accounted for 43.7% of the country’s GDP. (CIA)
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This note was uploaded on 06/20/2011 for the course ECON 2013 taught by Professor Somones during the Spring '11 term at University of Central Florida.

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exum_ECO2013 - Sabrina Exum Professor Barbara Moore ECO...

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