The Economy of Germany Student’s Name Institutional Affiliation Introduction. Every nation in the world has a global position regarding its economic level. The values of its GDP determine this position in the world. The population of the given country also plays a part in determining this region. The population being too many can be perceived as a good source of labor and revenue. However this is determined by the percentage of that country that is in the labor industry. On the other hand having a significant proportion of dependent individuals in a population can also affect the economic standard of the country since the dependent exploit the services in the country without contributing to its creation. Taxation is one of the sources of the country’s revenue. The levels of taxes vary from operation taxes to income and business taxes in the region. Carrying out economic activities in such areas 5000 billion euros in values. This is a projection on the trend perceived on the chart above. However with the decrease in population growth in the country there are dangers of reduced labor and workforce in the country which will affect the economic growth largely. With reduced number of workers in the country it will be forced to either import labor or most of the industries and businesses seeking new regions to invest in where there are significant energy sources. This will result in the decrease in the GDP of the country and the important level of the economy will be on the decrease. References BIBLIOGRAPHY Business News. (2017 January 12). German economy surges at fastest rate in five years. Retrieved from Reuters: http://uk.reuters.com/article/uk-germany-economy-gdp-idUKKBN14W103 Owen-Smith E. (2012). The german economy. Routledge. Welfens P. J. (2013). Economic aspects of German unification: national and international perspectives. Springer Science & Business Media. [...]
A 5 page research paper on Germany's economy. Please include citations, references and bibliography from reputable sources. Instructions attached.