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In July 2013, Brazil's Ministry of Finance Announced That the GDP

question 49

Essay

In July 2013, Brazil's Ministry of Finance announced that the GDP forecast for the year had been lowered to 3% from 3.5%. Why would Brazil's Ministry of Finance announce a 0.5% difference in GDP growth? Explain why a 0.5% change in the growth rate is significant, aside from the lower current GDP.


Definitions:

Mood

A temporary state of mind or feeling that can vary from happiness to sadness, which affects a person's emotional state but is less intense than emotions.

Cognitive Arousal Theory

A theory suggesting that arousal in the cognitive system can affect emotions and motivation.

Emotion

A complex psychological state involving an experiential, behavioral, and physiological response to a situation or stimulus.

Afraid

A feeling of fear or anxiety about a possible or imminent event or situation.

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