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Economic Concern of Brazil (Essay Sample)


As an employee of the World Bank, you have been asked to research 1 economic concern in a South American country and write a report on your findings.
•Select a South American country to research. 
•Select 1 of the following economic concerns to research: ◦Quantities of specific goods and services 
◦Gross Domestic Product (GDP) 
•Research data sets for the one economic concern within the South American country that you have chosen. 
•In a 3–4-page report, answer the following questions: ◦What are 2–3 relationships between the economic concern you selected and that specific country's economy? 
◦What trends do you see in the data sets? 
◦Support your assertions of the trends with statistical evidence. 
◦Cite all of your sources correctly and include a reference list, both in APA style. 


Economic Concern of Brazil
Economic Concern of A South American Country
The South American country that I have taken to a research is Brazil. Brazil is the largest country in South America and 5th largest country in the world. The population of Brazil was 200.4 million in 2013 (Leman, 2008). The economic concern for which I will examine is Gross Domestic Product (GDP). GDP may be defined as all the finished goods and services that are produced in a particular country at in a certain period of time. It means the overall profits added at the production level. GDP is classified in three ways which gives matching results
(Jain, 2007).
The first GDP is equal total expenditures of the goods and services produced in Brazil in a definite period of time. The second is where GDP is equal to the total of value added at each production level in the industries. The third classification is where GDP is equal to the sum of the generated income from production such as taxes from production, compensation with employees, gross operating surplus and less importation of subsidies. The GDP in Brazil is worth 2346.12 billion US dollars in 2014 (World Bank, 2014).
Sources: (World Bank, 2014).
According to the World Bank's estimates, the GDP value of Brazil is 3.99% of the world's economy. GDP and the output gap are the most important variables taken into consideration by agents when they are making decisions (Leman, 2008). Essentially, the GDP of ...
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