Question

Which of the following is NOT true of the emerging economies of Brazil, Russia, India, and South Africa: "BRICS"

A. They contain 40% of the world population
B. They cover a quarter of the worlds land area
C. They contribute more than 50% of global GDP on a PPP basis
D. They challenge developed economies in terms of weight and influence in the global economy

Answer 1

Option C is NOT true. The BRICS countries do not contribute more than 50% of global GDP on a PPP basis.

Step-by-step explanation:

Option C is NOT true of the emerging economies of Brazil, Russia, India, and South Africa (BRICS). These countries do not contribute more than 50% of global GDP on a PPP (purchasing power parity) basis. While the BRICS countries are considered emerging economies and have shown significant economic growth, their combined contribution to global GDP is less than 50% on a PPP basis.

For example, in 2020, according to the International Monetary Fund (IMF), the BRICS countries accounted for around 34% of global GDP on a PPP basis. This shows that they are important players in the global economy, but they do not contribute more than 50%.

Therefore, option C is the correct answer.