Which of the Following Is an Economic Example of the Emergence

question 8

Multiple Choice

Which of the following is an economic example of the emergence of BRIC(S) during the Great Transformation?

• A) China doubled its per capita income in about ten years.
• B) From 2007-2017 Brazil accomplished an annual economic growth rate of 6%.
• C) Managers in emerging economies command higher international premiums than managers in developed economies.
• D) Japan has experienced uniform,high speed growth for the past 10 years.

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Definitions:

Income Distribution

The way in which total income is shared amongst the members of a society, often analyzed to understand the extent of economic inequality.

Before-Tax Income

The total income earned by an individual or corporation before taxes have been deducted.

Welfare Reforms

Changes or amendments to a country’s welfare policy aimed at improving the effectiveness and efficiency of its social security and aid programs.

Welfare Benefits

Financial assistance or services provided by the government to support individuals or families, especially those in financial need.