Question

Given below are two statements:
Statement I: The European Union has evolved over time from an economic union to an increasingly political one. The EU started to act more as a nation state, with its own flag, founding date, and currency.
Statement II: The EU has economic, political, diplomatic, and military influence. The EU is the world’s second-biggest economy with a GDP of more than $17 trillion in 2016.
Choose the most appropriate answer:

• A. Both Statement I and Statement II are correct
• B. Both Statement I and Statement II are incorrect
• C. Statement I is correct but Statement II is incorrect
• D. Statement I is incorrect but Statement II is correct

Answer 1

The Correct Option is A

Both statements are correct.

Statement I correctly describes the evolution of the European Union (EU) from an economic to a political union, with its own flag, anthem, and currency (the Euro).

Statement II is also true, as the EU is a major global player in terms of economic, political, diplomatic, and military influence. In 2016, the EU had a GDP of over $17 trillion, making it one of the largest economies in the world.