Which statement is NOT true of the BRICS countries?
A. They are five major emerging economies in the world: Brazil, Russia, India, China, and South Africa.
B. The BRICS countries are home to 40 percent of the world's population.
C. In recent years, growth in China has slowed, and it is gradually losing its exist cheap labor pool.
D. The BRICS countries have joined together to form a trading bloc.
E. A key advantage for India in the world economy is the fact that it has a large English-speaking population.
D. The BRICS countries have joined together to form a trading bloc.
BRICS is not a trading bloc, but these five countries (Brazil, Russia, India, China, and South Africa) make up 40 percent of the world's population, represent about 20 percent of the world's economic activity, and have established their own $100 billion reserve fund to rival the International Monetary Fund.
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