C211 Global Economics for Managers |437 questions with correct answers

Base of the pyramid (BOP) CORRECT ANSWER Economies where people make less than $2,000 per capita per year. BRICA CORRECT ANSWER Brazil, Russia, India, and China. Emerging economies CORRECT ANSWER term that has gradually replaced the term "developing countries" since the 1990s. Emerging markets CORRECT ANSWER A term that is often used interchangeably with "emerging economies." Expatriate manager CORRECT ANSWER A manager who works abroad, or "expat" for short. Foreign direct investment (FDI) CORRECT ANSWER Investment in, controlling, and managing value-added activities in other countries. Global Business CORRECT ANSWER Business around the globe. Globalization CORRECT ANSWER The close integration of countries and peoples of the world. Gross domestic product (GDP) CORRECT ANSWER The sum of value added by resident firms, households, and governments operating in an economy. Gross national income (GNI) CORRECT ANSWER GDP plus income from non-resident sources abroad. The term used by the World Bank and other international organizations to supersede the term GNP.