comparing latin american economies of cuba and brazil
TRANSCRIPT
![Page 1: Comparing latin american economies of cuba and brazil](https://reader036.vdocument.in/reader036/viewer/2022062706/557c01aed8b42a72228b5332/html5/thumbnails/1.jpg)
Comparing Latin American Economies
Brazil, & Cuba
Unit 10 Notes
![Page 2: Comparing latin american economies of cuba and brazil](https://reader036.vdocument.in/reader036/viewer/2022062706/557c01aed8b42a72228b5332/html5/thumbnails/2.jpg)
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
![Page 3: Comparing latin american economies of cuba and brazil](https://reader036.vdocument.in/reader036/viewer/2022062706/557c01aed8b42a72228b5332/html5/thumbnails/3.jpg)
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?…
![Page 4: Comparing latin american economies of cuba and brazil](https://reader036.vdocument.in/reader036/viewer/2022062706/557c01aed8b42a72228b5332/html5/thumbnails/4.jpg)
Federative Republic of Brazil
![Page 5: Comparing latin american economies of cuba and brazil](https://reader036.vdocument.in/reader036/viewer/2022062706/557c01aed8b42a72228b5332/html5/thumbnails/5.jpg)
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?…
![Page 6: Comparing latin american economies of cuba and brazil](https://reader036.vdocument.in/reader036/viewer/2022062706/557c01aed8b42a72228b5332/html5/thumbnails/6.jpg)
Brazil’s Economic System
Brazil has a Mixed economic system
![Page 7: Comparing latin american economies of cuba and brazil](https://reader036.vdocument.in/reader036/viewer/2022062706/557c01aed8b42a72228b5332/html5/thumbnails/7.jpg)
Brazil’s Natural Resources
What’s available?– bauxite, gold, iron ore, manganese, nickel,
phosphates, platinum, tin, uranium, petroleum, hydropower, timber
![Page 8: Comparing latin american economies of cuba and brazil](https://reader036.vdocument.in/reader036/viewer/2022062706/557c01aed8b42a72228b5332/html5/thumbnails/8.jpg)
Brazil’s Land Use
What percentage of the land is arable (capable of being farmed)?– 6.9%
![Page 9: Comparing latin american economies of cuba and brazil](https://reader036.vdocument.in/reader036/viewer/2022062706/557c01aed8b42a72228b5332/html5/thumbnails/9.jpg)
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
![Page 10: Comparing latin american economies of cuba and brazil](https://reader036.vdocument.in/reader036/viewer/2022062706/557c01aed8b42a72228b5332/html5/thumbnails/10.jpg)
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
![Page 11: Comparing latin american economies of cuba and brazil](https://reader036.vdocument.in/reader036/viewer/2022062706/557c01aed8b42a72228b5332/html5/thumbnails/11.jpg)
Brazil’s Unemployment Rate
What percentage of people do not have jobs?– 8%
What percentage of people live in poverty?– 22%
![Page 12: Comparing latin american economies of cuba and brazil](https://reader036.vdocument.in/reader036/viewer/2022062706/557c01aed8b42a72228b5332/html5/thumbnails/12.jpg)
Brazil’s GDP
$2.03 trillion (2008)
GDP Per Capita--What is the value of goods and services produced per person?– $10,300 (2007)
![Page 13: Comparing latin american economies of cuba and brazil](https://reader036.vdocument.in/reader036/viewer/2022062706/557c01aed8b42a72228b5332/html5/thumbnails/13.jpg)
Republic of Cuba
![Page 14: Comparing latin american economies of cuba and brazil](https://reader036.vdocument.in/reader036/viewer/2022062706/557c01aed8b42a72228b5332/html5/thumbnails/14.jpg)
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?…
![Page 15: Comparing latin american economies of cuba and brazil](https://reader036.vdocument.in/reader036/viewer/2022062706/557c01aed8b42a72228b5332/html5/thumbnails/15.jpg)
Cuba’s Economic System
Cuba has a Command economic system
![Page 16: Comparing latin american economies of cuba and brazil](https://reader036.vdocument.in/reader036/viewer/2022062706/557c01aed8b42a72228b5332/html5/thumbnails/16.jpg)
Cuba’s Natural Resources
What’s available?– cobalt, nickel, iron ore, chromium, copper,
salt, timber, silica, petroleum, arable land
![Page 17: Comparing latin american economies of cuba and brazil](https://reader036.vdocument.in/reader036/viewer/2022062706/557c01aed8b42a72228b5332/html5/thumbnails/17.jpg)
Cuba’s Land Use
What percentage of the land is arable (capable of being farmed)?– 27.63%
![Page 18: Comparing latin american economies of cuba and brazil](https://reader036.vdocument.in/reader036/viewer/2022062706/557c01aed8b42a72228b5332/html5/thumbnails/18.jpg)
Cuba’s Industries
What’s being produced in the factories?– sugar, petroleum, tobacco, construction,
nickel, steel, cement, agricultural machinery, pharmaceuticals
![Page 19: Comparing latin american economies of cuba and brazil](https://reader036.vdocument.in/reader036/viewer/2022062706/557c01aed8b42a72228b5332/html5/thumbnails/19.jpg)
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
![Page 20: Comparing latin american economies of cuba and brazil](https://reader036.vdocument.in/reader036/viewer/2022062706/557c01aed8b42a72228b5332/html5/thumbnails/20.jpg)
Cuba’s Unemployment Rate
What percentage of people do not have jobs?– 1.8%
![Page 21: Comparing latin american economies of cuba and brazil](https://reader036.vdocument.in/reader036/viewer/2022062706/557c01aed8b42a72228b5332/html5/thumbnails/21.jpg)
Cuba’s GDP
$144.6 billion (2008)
GDP Per Capita--What is the value of goods and services produced per person?– $12,700 (2008)