Comparing latinamericaneconomies

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Comparing latinamericaneconomies

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