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Comparing latin american economies of cuba and brazil
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Comparing latin american economies of cuba and brazil

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  • 1. Comparing Latin American Economies Brazil, & Cuba Unit 10 Notes
  • 2. Foreign Exchange Rates
    • The price of 1 country’s currency compared to another…
      • 1 US dollar = 11 Mexican pesos
      • 1 US dollar = 1.8 Brazilian reals
      • 1 US dollar = .92 Cuban pesos
  • 3. 3 Economic Questions…
    • What to Produce?
      • Businesses decide and government approves/denies it
    • How to produce it?
      • Businesses decide & government regulates procedures
    • For whom to produce?
      • Businesses decide based on supply & demand (price)
    • Which economic system does Mexico have?…
  • 4. Federative Republic of Brazil
  • 5. 3 Economic Questions…
    • What to Produce?
      • Businesses decide and government approves/denies it
    • How to produce it?
      • Businesses decide & government regulates procedures
    • For whom to produce?
      • Businesses decide based on supply & demand (price)
    • Which economic system does Brazil have?…
  • 6. Brazil’s Economic System
    • Brazil has a Mixed economic system
  • 7. Brazil’s Natural Resources
    • What’s available?
      • bauxite, gold, iron ore, manganese, nickel, phosphates, platinum, tin, uranium, petroleum, hydropower, timber
  • 8. Brazil’s Land Use
    • What percentage of the land is arable (capable of being farmed)?
      • 6.9%
  • 9. Brazil’s Industries
    • What’s being produced in the factories?
      • textiles, shoes, chemicals, cement, lumber, iron ore, tin, steel, aircraft, motor vehicles and parts, other machinery and equipment
  • 10. Brazil’s Literacy Rate
    • What percentage of people over the age of 15 can read and write?
      • 88.6%
    • How long are students required to stay in school?
      • 14 years
  • 11. Brazil’s Unemployment Rate
    • What percentage of people do not have jobs?
      • 8%
    • What percentage of people live in poverty?
      • 22%
  • 12. Brazil’s GDP
    • $2.03 trillion (2008)
    • GDP Per Capita--What is the value of goods and services produced per person ?
      • $10,300 (2007)
  • 13. Republic of Cuba
  • 14. 3 Economic Questions…
    • What to Produce?
      • Government makes all economic decisions
    • How to produce it?
      • Government decides how to make goods/services
    • For whom to produce?
      • Whoever the government decides to give them to
    • Which economic system does Cuba have?…
  • 15. Cuba’s Economic System
    • Cuba has a Command economic system
  • 16. Cuba’s Natural Resources
    • What’s available?
      • cobalt, nickel, iron ore, chromium, copper, salt, timber, silica, petroleum, arable land
  • 17. Cuba’s Land Use
    • What percentage of the land is arable (capable of being farmed)?
      • 27.63%
  • 18. Cuba’s Industries
    • What’s being produced in the factories?
      • sugar, petroleum, tobacco, construction, nickel, steel, cement, agricultural machinery, pharmaceuticals
  • 19. Cuba’s Literacy Rate
    • What percentage of people over the age of 15 can read and write?
      • 99.8%
    • How long are students required to stay in school?
      • 16 years
  • 20. Cuba’s Unemployment Rate
    • What percentage of people do not have jobs?
      • 1.8%
  • 21. Cuba’s GDP
    • $144.6 billion (2008)
    • GDP Per Capita--What is the value of goods and services produced per person ?
      • $12,700 (2008)