Essay on Brazil Unemployment Rate

1017 Words Jul 21st, 2012 5 Pages
Running Head: Brazil Unemployment Rate 1
Brazil Unemployment Rate
Students name:
AIU

Brazil Unemployment Rate 2
Abstract
Discussion of macroeconomics and Brazil’s unemployment rate and how it concerns its economy.

Brazil Unemployment Rate 3
Brazil Unemployment Rate
Macroeconomics is the study of the movement, trends, and changes in the economy over time as a whole (http://moya.bus.miami.edu/). Over the years South America has built their economy from poverty to middle class and higher but with the unemployment rate and inflation going up these countries that make up this continent might revert back to their primal state. In this paper the focus of discussion will be around the country Brazil. The effects
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Brazil Unemployment Rate 4
The Brazilian financial economy has proven to be solid in its performance. Experts say it is expected to continue growing into the future. The Brazilian economy is currently the world’s seventh-largest and is expected to rise to fifth within the next several years. The unemployment rate of Brazil is 5.8% as of May 2012. From 2001 to 2012 Brazil’s average unemployment rate was 9.3% and reached an all-time high of 13.1% in August 2003 and reached a record low of 4.7% in December 2011. Based on the percentages from 2001 to 2012, it shows that the labor force is actively looking for jobs since the unemployment rate has died down since August 2003 (http://www.state.gov). By understanding information such as this, an individual who wants to move to Brazil can feel confident that they are entering a growing, thriving, and resilient economy.
There are many principles in the Brazilian economy that people have to face as a “discipline”. The ten most common principles that individuals face are scarcity, rationality, preferences, restrictions, opportunity cost, the economic principle, efficiency, marginal analysis, equilibrium, and game theory ( http://www.slembeck.ch/). Identifying scarcity, rationality, preferences, and restrictions help people with decision making which is also called the “rational choice approach”. Opportunity cost, the economic principle, efficiency, marginal analysis, equilibrium, and
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