Banco do Brasil (119)

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7 problems for major cities. Brazil’s “miracle years” 
were in the late 1960s and early 1970s when double digi-
t-annual growth rates were recorded and the structure
10 of the economy underwent rapid change. In the 1980s, 
however, Brazil’s economic performance was poor in compa-
rison with its potential. Annual Gross Domestic Product
13 (GDP) growth only averaged 1.5 percent over the 
period from 1980 to 1993. This reflected the economy’s 
inability to respond to international events in the late 
1970s and the 1980s: the second oil
16 shock; increase in international real interest rates; 
the Latin American external debt crisis and the ensuing 
cutoff of foreign credit and foreign direct investment. 
This lack of responsiveness reflected the largely
19 inward-looking policy orientation that had been 
in place since the 1960s. Economic flexibility was further 
impaired by provisions of the
22 1988 Constitution, which introduced significant 
rigidities in budgeting and public expenditure. An out-
come of these pressures was a steady rise in the rate of 
inflation, which reached monthly rates of 50% by the
25 middle of 1994.
Internet: 
(with adaptations).
 With the help of text VII, judge the following items.
After the latest Afghanistan war, the world has been fa-
cing the greatest oil shock which has never been expe-
rienced before.
( ) CERTO ( ) ERRADO
20. (BANCO DO BRASIL – ESCRITURÁRIO – CESPE – 
2002)
World Bank Brazil – country brief
1 With an estimated 167 million inhabitants, Brazil has 
the largest population in Latin America and ranks sixth 
in the world. The majority live in the south-central area, 
which includes industrial cities
4 such as São Paulo, Rio de Janeiro and Belo Horizon-
te. 80% of the population now lives in urban areas. Rapid 
growth in the urban population has aided economic de-
velopment but also created serious
7 problems for major cities. Brazil’s “miracle years” 
were in the late 1960s and early 1970s when double di-
git-annual growth rates were recorded and the structure
10 of the economy underwent rapid change. In the 
1980s, however, Brazil’s economic performance was poor 
in comparison with its potential. Annual Gross Domestic 
Product
13 (GDP) growth only averaged 1.5 percent over the 
period from 1980 to 1993. This reflected the economy’s 
inability to respond to international events in the late 
1970s and the 1980s: the second oil
16 shock; increase in international real interest rates; 
the Latin American external debt crisis and the ensuing 
cutoff of foreign credit and foreign direct investment. 
This lack of responsiveness reflected the largely
19 inward-looking policy orientation that had been 
in place since the 1960s. Economic flexibility was further 
impaired by provisions of the
22 1988 Constitution, which introduced significant 
rigidities in budgeting and public expenditure. An out-
come of these pressures was a steady rise in the rate of 
inflation, which reached monthly rates of 50% by the
25 middle of 1994.
Internet: 
(with adaptations).
 With the help of text VII, judge the following items.
Last century, Brazilian economy was affected by interna-
tional factors.
( ) CERTO ( ) ERRADO
21. (BANCO DO BRASIL – ESCRITURÁRIO – CESPE – 
2002)
World Bank Brazil – country brief
1 With an estimated 167 million inhabitants, Brazil has 
the largest population in Latin America and ranks sixth 
in the world. The majority live in the south-central area, 
which includes industrial cities
4 such as São Paulo, Rio de Janeiro and Belo Horizon-
te. 80% of the population now lives in urban areas. Rapid 
growth in the urban population has aided economic de-
velopment but also created serious
7 problems for major cities. Brazil’s “miracle years” 
were in the late 1960s and early 1970s when double di-
git-annual growth rates were recorded and the structure
10 of the economy underwent rapid change. In the 
1980s, however, Brazil’s economic performance was 
poor in comparison with its potential. Annual Gross Do-
mestic Product
13 (GDP) growth only averaged 1.5 percent over the 
period from 1980 to 1993. This reflected the economy’s 
inability to respond to international events in the late 
1970s and the 1980s: the second oil
16 shock; increase in international real interest rates; 
the Latin American external debt crisis and the ensuing 
cutoff of foreign credit and foreign direct investment. 
This lack of responsiveness reflected the largely
19 inward-looking policy orientation that had been 
in place since the 1960s. Economic flexibility was further 
impaired by provisions of the
22 1988 Constitution, which introduced significant 
rigidities in budgeting and public expenditure. An out-
come of these pressures was a steady rise in the rate of 
inflation, which reached monthly rates of 50% by the
25 middle of 1994.
Internet: 
(with adaptations).