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Brazil’s Economy by Iceman 5
Mr. Cordozo, our
Graded Business Manager.
Introduction: The economy affects the development of the world, the world
is divided in two parts the rich countries and the poor countries, depending on
that the lifestyle of the people is different. Economy is the science that
studies the wealth flow, the way money is distributed and accumulated. Are the
things that make the most money for Brazil the same as the things that make
money for Graded society? My group decided to choose this question for me
because they knew I was interested in economy and wanted to know more about it.
To answer this question I had to research on Brazil’s Economy.
My three subtopics about the Economy of Brazil are GDP (Gross Domestic
Product), Brazil- the 14th largest economy in the world, and finally inflation.
GDP is the value of money earned by the market of goods and services produced in
a nation on a specific period. GDP is important because it is what estimates the
health of a countries economy. Brazil’s GDP mainly gets its earnings from
manufacturing, trade, agriculture, and financial services. Today Brazil’s GDP is
30.7.
Second, Brazil is the 14 largest economy in the world,
around 2003 it was the 15th, though before that Brazil was the 8th
largest economy in the world. The exchange rate, what had left Brazil in the
15th place, now helped put Brazil one country ahead, in the 14th place. The main
thing that put Brazil one country ahead was the growth of 5.2% of the countries
economy. If the list was based on per capita (average earnings per person)
Brazil would not be on 14th place on the world’s economy but on the 86th place
of the world economy.
Third and last, inflation. That is when a country runs out
of money and has to get prices higher to get it back. There was and inflation in
the 1960s, it caused the GDP to drop drastically, it was in 10.3 percent in
1961, it fell to 5.3, 1.5 and 2.4 percent in 1962, 1963 and 1964. The inflation
was mainly caused by public financial shortage made by the government’s
transportations to import wheat, petroleum excreta. Then from 1968-1973, the
country recovered. Some people called those times “an economic miracle”. The GDP
grew with and average percent of 11% per year. I think Graded School has some
kind of GDP, as well as there is a list that rates the schools and probably also
inflation.
Primary Sources:
Mr. Jose Carlos Cardozo , the man I interviewed, is the business manager here at
Graded School. He is responsible for the finances of the school. Mr. Cardozo has
been business manger at Graded for 7 years now. Mr. Cardozo told me some
information about how Graded’s economy can be compared to Brazils’ economy. He
told me that only 2% of Brazil can be compared to Graded for this school is very
good and expensive. Mr. Cardozo said that inflation is possible in this school
but it depends on Brazil. For example, if Brazil has inflation, then the school
would also have to raise its price. If not than inflation couldn’t happen at
Graded. GDP (Gross Domestic Product) does not exist at Graded because it doesn’t
produce any type of product. Mr. Cardozo introduced to me another way to compare
Graded School and Brazil. He explained how taxes in Brazil work and how “taxes”
at Graded work. There are three kinds of taxes in a country- the C.D., the State
Tax, and the Federal Government tax. C.D. is the tax which pays the water and
light used in the street. The State tax is the tax that pays the bigger
structure security. The Federal Government tax is the tax that pays for the
roads and public places. At Graded, there are 2 kinds of “taxes”. There is the
tuition which pays the teacher’s monthly salary. There are also the donations,
which aren’t exactly taxes. These are used for the infrastructure of the school.
For example, 50% of the donations where used for the Leman Tully Art Center.
Graded School is one of the best schools in South America. Some of this
information really surprised me, Graded’s economy works much differently than
what I thought it did. Who would have known that Graded’s inflations depended on
Brazils inflation? It was also impressive was that this school is so wealthy
only 2% percent of Brazil measures up to compare. In this research I found out
that Graded Schools’ economy has absolutely nothing to do with Brazil’s.
I got my information for these paragraphs from three sources, the internet, books
and Mr. Cardozo, the business manager here at Graded. Are the things that make
the most money for Brazil the same as the things that make money for Graded
society? No, the things that make the most money in Brazil are not at all the
same things that make money at Graded. In Brazil the GDP, (Gross Domestic
Product), is the indicator of its financial situations- that’s how important it
is. At Graded, there is no such a thing as G.D.P, for Graded doesn’t produce any
kind of product. The taxes of Brazil don’t match the "taxes" at Graded. Brazil’s
taxes are C.D., for the State, and for the Federal Government. On the other hand
Graded’s "taxes" are the donation, and the tuition. I’m glad I got to answer
this question because I was really interested in this subject and on knowing the
difference between Brazil’s economy and Graded’s economy.
Citations:
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