Brazil's Economic Knowledge Assessment

Brazil, with Sao Paulo as its economic capital, is a major global economy, ranking ninth by nominal GDP. It has a mixed economy reliant on import substitution, with significant natural resources valued at $21.8 trillion. The country is a member of various trade organizations and has a strong service sector. Key industries include chemicals, textiles, and machinery. Brazil's main export partners are China and the EU, while it imports electronics and machinery. Historically, Brazil's economy grew significantly in the early 2000s but faced a recession in 2014. Recovery began in 2017.

What is Brazil's rank in the world by nominal GDP?

• Seventh

• Tenth

• Ninth

• Eighth

Which natural resource is NOT mentioned as being abundant in Brazil?

• Iron

• Gold

• Oil

• Uranium

Which sector employs the majority of Brazil's labor force?

• Mining

• Agriculture

• Industry

• Services

What was Brazil's economic growth rate in 2018?

• 1.5%

• 2.0%

• 3.0%

• 2.4%

What is the value of Brazil's exports?

• $180 billion

• $300 billion

• $150.72 billion

• $217.7 billion

Which country is NOT a major export partner of Brazil?

• European Union

• United States

• China

• India

What significant economic reform did Brazil undertake in the 1990s?

• Currency devaluation

• Nationalization of industries

• Fiscal sustainability measures

• Increased import tariffs

In which year did Brazil surpass the United Kingdom in economic size?

• 2010

• 2012

• 2014

• 2016

What was Brazil's GDP growth rate in the first quarter of 2017?

• 1%

• 0.3%

• 1.5%

• 2%

Which economic club is Brazil NOT a member of?

• OPEC

• G8+5

• Cairns Group

• Paris Club