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Comparing Latin American Economies<br />Mexico, Brazil, & Cuba<br />
Foreign Exchange Rates<br />The price of 1 country’s currency compared to another…<br />1 US dollar = 11 Mexican pesos<br ...
United Mexican States<br />
3 Economic Questions…<br />What to produce?<br />businesses decide and government approves/denies it<br />How to produce i...
Mexico’s Economic System<br />Mexico has a mixed economic system, that is closer to market than command.<br />
Mexico’s Natural Resources<br />What’s available?<br />petroleum, silver, copper, gold, lead, zinc, natural gas, timber<br />
Mexico’s Land Use<br />What percentage of the land is arable (capable of being farmed)?<br />12.66%<br />
Mexico’s Industries<br />What’s being produced in the factories?<br />food and beverages, tobacco, chemicals, iron and ste...
Mexico’s Literacy Rate<br />What percentage of people over the age of 15 can read and write?<br />91%<br />How long are st...
Mexico’s Unemployment Rate<br />What percentage of people do not have jobs?<br />4.1% (however, only 61.1% of people worki...
Mexico’s GDP 	<br />$1.578 trillion (2008)<br />GDP Per Capita--What is the value of goods and services produced per perso...
Federative Republic of Brazil<br />
3 Economic Questions…<br />What to produce?<br />businesses decide and government approves/denies it<br />How to produce i...
Brazil’s Economic System<br />Brazil has a mixed economic system.<br />
Brazil’s Natural Resources<br />What’s available?<br />bauxite, gold, iron ore, manganese, nickel, phosphates, platinum, t...
Brazil’s Land Use<br />What percentage of the land is arable (capable of being farmed)?<br />6.9%<br />
Brazil’s Industries<br />What’s being produced in the factories?<br />textiles, shoes, chemicals, cement, lumber, iron ore...
Brazil’s Literacy Rate<br />What percentage of people over the age of 15 can read and write?<br />88.6%<br />How long are ...
Brazil’s Unemployment Rate<br />What percentage of people do not have jobs?<br />8%<br />What percentage of people live in...
Brazil’s GDP 	<br />$2.03 trillion (2008)<br />GDP Per Capita--What is the value of goods and services produced per person...
Republic of Cuba<br />
3 Economic Questions…<br />What to produce?<br />government makes all economic decisions<br />How to produce it?<br />gove...
Cuba’s Economic System<br />Cuba has a command economic system.<br />
Cuba’s Natural Resources<br />What’s available?<br />cobalt, nickel, iron ore, chromium, copper, salt, timber, silica, pet...
Cuba’s Land Use<br />What percentage of the land is arable (capable of being farmed)?<br />27.63%<br />
Cuba’s Industries<br />What’s being produced in the factories?<br />sugar, petroleum, tobacco, construction, nickel, steel...
Cuba’s Literacy Rate<br />What percentage of people over the age of 15 can read and write?<br />99.8%<br />How long are st...
Cuba’s Unemployment Rate<br />What percentage of people do not have jobs?<br />1.8%<br />
Cuba’s GDP 	<br />$144.6 billion (2008)<br />GDP Per Capita--What is the value of goods and services produced per person?<...
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Comparing Brazil, Mexico & Cuba Economies

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Transcript of "Comparing Brazil, Mexico & Cuba Economies"

  1. 1. Comparing Latin American Economies<br />Mexico, Brazil, & Cuba<br />
  2. 2. Foreign Exchange Rates<br />The price of 1 country’s currency compared to another…<br />1 US dollar = 11 Mexican pesos<br />1 US dollar = 1.8 Brazilian reals<br />1 US dollar = .92 Cuban pesos<br />
  3. 3. United Mexican States<br />
  4. 4. 3 Economic Questions…<br />What to produce?<br />businesses decide and government approves/denies it<br />How to produce it?<br />businesses decide & government regulates procedures<br />For whom to produce?<br />businesses decide based on supply & demand (price)<br />Which economic system does Mexico have?<br />
  5. 5. Mexico’s Economic System<br />Mexico has a mixed economic system, that is closer to market than command.<br />
  6. 6. Mexico’s Natural Resources<br />What’s available?<br />petroleum, silver, copper, gold, lead, zinc, natural gas, timber<br />
  7. 7. Mexico’s Land Use<br />What percentage of the land is arable (capable of being farmed)?<br />12.66%<br />
  8. 8. Mexico’s Industries<br />What’s being produced in the factories?<br />food and beverages, tobacco, chemicals, iron and steel, petroleum, mining, textiles, clothing, motor vehicles, consumer durables, <br />Tourism is also a major industry in Mexico.<br />
  9. 9. Mexico’s Literacy Rate<br />What percentage of people over the age of 15 can read and write?<br />91%<br />How long are students required to stay in school?<br />13 years<br />
  10. 10. Mexico’s Unemployment Rate<br />What percentage of people do not have jobs?<br />4.1% (however, only 61.1% of people working age have a job)<br />What percentage of people live in poverty?<br />18.5%<br />
  11. 11. Mexico’s GDP <br />$1.578 trillion (2008)<br />GDP Per Capita--What is the value of goods and services produced per person?<br />$14,400 (2008)<br />
  12. 12. Federative Republic of Brazil<br />
  13. 13. 3 Economic Questions…<br />What to produce?<br />businesses decide and government approves/denies it<br />How to produce it?<br />businesses decide & government regulates procedures<br />For whom to produce?<br />businesses decide based on supply & demand (price)<br />Which economic system does Brazil have?<br />
  14. 14. Brazil’s Economic System<br />Brazil has a mixed economic system.<br />
  15. 15. Brazil’s Natural Resources<br />What’s available?<br />bauxite, gold, iron ore, manganese, nickel, phosphates, platinum, tin, uranium, petroleum, hydropower, timber <br />
  16. 16. Brazil’s Land Use<br />What percentage of the land is arable (capable of being farmed)?<br />6.9%<br />
  17. 17. Brazil’s Industries<br />What’s being produced in the factories?<br />textiles, shoes, chemicals, cement, lumber, iron ore, tin, steel, aircraft, motor vehicles and parts, other machinery and equipment <br />
  18. 18. Brazil’s Literacy Rate<br />What percentage of people over the age of 15 can read and write?<br />88.6%<br />How long are students required to stay in school?<br />14 years<br />
  19. 19. Brazil’s Unemployment Rate<br />What percentage of people do not have jobs?<br />8%<br />What percentage of people live in poverty?<br />22%<br />
  20. 20. Brazil’s GDP <br />$2.03 trillion (2008)<br />GDP Per Capita--What is the value of goods and services produced per person?<br />$10,300 (2007)<br />
  21. 21. Republic of Cuba<br />
  22. 22. 3 Economic Questions…<br />What to produce?<br />government makes all economic decisions<br />How to produce it?<br />government decides how to make goods/services<br />For whom to produce?<br />whoever the government decides to give them to<br />Which economic system does Cuba have?<br />
  23. 23. Cuba’s Economic System<br />Cuba has a command economic system.<br />
  24. 24. Cuba’s Natural Resources<br />What’s available?<br />cobalt, nickel, iron ore, chromium, copper, salt, timber, silica, petroleum, arable land<br />
  25. 25. Cuba’s Land Use<br />What percentage of the land is arable (capable of being farmed)?<br />27.63%<br />
  26. 26. Cuba’s Industries<br />What’s being produced in the factories?<br />sugar, petroleum, tobacco, construction, nickel, steel, cement, agricultural machinery, pharmaceuticals<br />
  27. 27. Cuba’s Literacy Rate<br />What percentage of people over the age of 15 can read and write?<br />99.8%<br />How long are students required to stay in school?<br />16 years<br />
  28. 28. Cuba’s Unemployment Rate<br />What percentage of people do not have jobs?<br />1.8%<br />
  29. 29. Cuba’s GDP <br />$144.6 billion (2008)<br />GDP Per Capita--What is the value of goods and services produced per person?<br />$12,700 (2008)<br />

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