Brazil's Economy: Checkpoint 1

Quick checkpoint - five questions on Brazil's economy, the miracle, indexation, Bolsa Família and the Cerrado.

Quick checkpoint - five questions on Brazil’s economy, the miracle, indexation, Bolsa Família and the Cerrado.

Question 1 of 5 Which product is Brazil the world's largest exporter of?

Soybeans Tea Rice Semiconductors

Much goes to China.

Question 2 of 5 What financed Brazil's 1968-73 miracle?

State-led investment and foreign borrowing Oil exports Tourism Remittances

Rising rates later caused a debt crisis.

Question 3 of 5 What problem did indexation create?

Inertial inflation that perpetuated itself Deflation No inflation Lower wages

The URV in 1994 broke the cycle.

Question 4 of 5 About how much did Bolsa Família cost?

About 0.5 percent of GDP About 20 percent of GDP Nothing About 50 percent of GDP

It was very cost-effective.

Question 5 of 5 What did Embrapa do for the Cerrado?

Made acidic soils farmable through research Banned farming Planted forests Built cities

Liming and tropical soy were key.

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