Chile's Economy: Checkpoint 1

Quick checkpoint - five questions on Chile's growth, copper, the Chicago Boys, pensions and the fiscal rule.

Quick checkpoint - five questions on Chile’s growth, copper, the Chicago Boys, pensions and the fiscal rule.

Question 1 of 5 Which organisation did Chile join in 2010?

OECD OPEC SAARC ASEAN

It is one of Latin America's richest countries.

Question 2 of 5 Which company is Chile's state copper giant?

Codelco SQM BHP Petrobras

It was created after 1971 nationalisation.

Question 3 of 5 Who were the Chicago Boys?

Chicago-trained economists who liberalised Chile A football team US soldiers Copper miners

They served under Pinochet.

Question 4 of 5 What was a key problem with Chile's private pensions?

Many retirees got low pensions Pensions were too high No one saved Pensions were illegal

Reforms added public support.

Question 5 of 5 What does Chile's fiscal rule do?

Saves copper windfalls Spends every boom Bans borrowing Taxes copper only

Savings helped in 2009.

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