Life in a Global Economy

Question 1

what is globalisation?

Answer 1

A free flow of people, ideas, goods, services and capital leading to an integration of economies and societies

Question 2

how much FDI was spent in 2013

Answer 2

$1.4 trillion

Question 3

what are MNCs?

Answer 3

Active in more than one country e.g. Nike in Asia

Question 4

what is outsourcing?

Answer 4

Searching for cheaper manufacturing abroad or elsewhere (off shoring= abroad)

Question 5

How are exchange rates measured?

Answer 5

Currency valued as a weighted average of other currencies of major trading partners.

Question 6

what is specialisation?

Answer 6

People/ economy make most of skills by making goods/services that have competitive advantage

Question 7

what is Brazil’s GDP?

Answer 7

$2 trillion

Question 8

what is Brazil’s GDP per capita?

Answer 8

$10,000

Question 9

what was there Balance of Trade surplus in 2018?

Answer 9

$60billion

Question 10

what was there CPI in 2018?

Answer 10

4.9%

Question 11

what is the population of Brazil?

Answer 11

208million

Question 12

how many in housing deficit?

Answer 12

7 million

Question 13

how many were homeless in Sao Paulo

Answer 13

16,000

Question 14

when was there a crack epidemic?

Answer 14

2015

Question 15

which president was impeached?

Answer 15

Dilma Rousseff.

Question 16

who are the MINT countries?

Answer 16

Mexico, Indonesia, Nigeria and Turkey