European Union's Executive has outlined plans to raise more than _________ from energy firms to help shield households and businesses from soaring inflation?
Correct answer: B. $140 billion
- A. $120 billion
- B. $140 billion
- C. $130 billion
- D. None of These
Explanation
The European Commission proposed raising more than 140 billion dollars from excess energy-sector profits to help protect consumers from high energy prices and inflation. This was a windfall-revenue measure rather than an ordinary household tax.
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About Global Economy
Global economy covers growth, inflation, interest rates, exchange rates, public debt, trade and employment across major economies. It also includes the work of the IMF, World Bank, WTO and central banks, along with oil and commodity prices, supply-chain disruptions, sanctions, trade agreements and the economic effects of international crises.
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