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120 BA N CO D O B RA SI L Considering text VII, judge the items below. Brazil’s miracle years began and ended during the last military regime. ( ) CERTO ( ) ERRADO 22. (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). Considering text VII, judge the items below. More than 20% of Brazilian population lives in the rural area. ( ) CERTO ( ) ERRADO 23. (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). Considering text VII, judge the items below. Three important Brazilian industrial cities are mentioned in the text. ( ) CERTO ( ) ERRADO 24. (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