Around 1900, Which Two Countries Were the First to Create

question 98

Multiple Choice

Around 1900, which two countries were the first to create systems of universal education for youth?

• A) Germany and France
• B) the United Kingdom and Ireland
• C) Italy and Japan
• D) Canada and the United States

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Definitions:

GDP

Gross Domestic Product represents the overall market value of all end products and services made inside a nation over a certain timeframe.

Economic Stimulus Package

A package of economic measures put together by a government to stimulate a floundering or stagnant economy and help it recover.

Impact Lag

The time taken between the implementation of an economic policy and the occurrence of its intended effects on the economy.

Federal Budget Deficit

The scenario in which the spending of the federal government surpasses its income within a specific fiscal year.