Economic Growth Answers

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What did you include in your response? Check any that apply.

A
a comparison of an occupation in the labor force to GDP
B
a reason for the difference
3

What do the graphs tell you about Germany’s labor force?

A
few people in Germany work in industry
B
many people in Germany work in services
C
most people in Germany work in agriculture
D
few people in Germany work in services
5

poorestrichestfastest-growing

A
poorest
B
richest
C
fastest-growing
6

What do the graphs tell you about Bolivia’s labor force?

A
75% of Bolivians work in services
B
About 1/3rd of Bolivians work in agriculture
C
Few people in Bolivia work in services
D
More Bolivians work in industry than in services
8

Go to this link to find out more about Bolivia’s economy to answer the question. Use the information and the graphs to write two sentences about how Bolivia’s labor force by occupation compares to its GDP by sector.Why might the percentages differ?

Answer:

Bolivia has a higher percentage of workers employed in agriculture than the percentage of GDP produced by agriculture, while industry and services produce a relatively larger share of GDP compared with their shares of employment. The percentages differ because workers in industry and services generally produce more economic output per worker than agricultural workers.

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Economic Growth Answers — HSA 26-27 Economics