C211 - Global Economics For Managers Final Exam - All Reading With Correct Question And Answer

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. 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.