SS6E3 Factors Of Economic Growth In Latin America

How can we increase a countries GDP per capita?

• Increase the unemployment rate
• Invest in education and healthcare
• Increase the poverty rate
• Increase the tax rate

How can a country increase their GDP?

• Spend less money on education
• Spend less money on healthcare
• Invest more money in technology
• Spend less money food

Marta graduated from the School of Culinary Arts in New York City. Marta wants to return to Cuba and open a bakery in her home town. Marta’s brother, Federico, has started two new businesses in Cuba. He tells Marta that she should think hard about the business before she invests and risks her money in a bakery.

What would Marta be MOST concerned with as an entrepreneur?

• Is she a really good baker?

• What type of baked goods would Cubans like?

• Will the bakery make a profit in her home town?

• Will she have access to quality baking ingredients?

According to the literacy rate data, which nation most likely has the lowest standard of living?

• Cuba

• Brazil

• Mexico

• Nicaragua

According to the data, which country has most likely invested the most in human capital?

• Brazil

• Colombia

• Cuba

• Mexico

According to the data, which country has most likely invested the most in capital goods?

• Brazil

• Colombia

• Cuba

• Mexico

Use the information in the table to answer the questions.

​ (a)   is most likely to export goods for construction companies.

​ (b)   exports both sugar and citrus products.

• Brazil
• Cuba
• Mexico
• Colombia
• Haiti

Which statement most accurately describes the role of entrepreneurship in Latin America?

• Entrepreneurship is rapidly growing since the government does not regulate or tax new businesses.

• Entrepreneurship is growing but there are many government obstacles and taxes entrepreneurs must face.

• Entrepreneurship is declining since many Latin Americans are finding government jobs.

• Many Latin America governments give entrepreneurs generous tax breaks and incentives to start new businesses.

What type of investment do the images reflect?

• capital goods

• human capital

• natural resources

• entrepreneurship

Which of the following statements is TRUE concerning literacy rates and standard of living?

• Mexico with its low literacy rate will never be able to raise the standard for their citizens due to language barriers and traditions.

• All Latin American countries with high literacy rates enjoy a high standard of living due to the employment and prosperity of their citizens.

• Brazil with its low literacy rate has been able to overcome and achieve high standards of living for its citizens through hard labor and determination.

• Cuba has a high literacy rate though its citizens live with unemployment and poverty due to the mismanagement of economies by the corrupt government.