The following are characteristics of the BRIC economies except:
A)Demand for higher priced goods is expected to continue to be low in the future
B)The BRIC economies share of world growth is expected to rise to about 40 percent by 2025
C)Per capita income in the BRIC countries is rising
D)Demand for basic goods will be strong

Question

Quizplus · Accepted Answer

In a Goldman Sachs report, they estimated that the BRIC economies' share of world growth could rise from 20 percent in 2003 to more than 40 percent in 2025. Furthermore, between 2005 and 2015 over 800 million people in these countries will have crossed the annual income threshold of $3,000. In 2025, it is calculated that approximately 200 million people in these economies will have annual incomes above $15,000. Therefore, the huge pickup in demand will not be restricted to basic goods but will impact higher-priced branded goods as well.

The Following Are Characteristics of the BRIC Economies Except