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AssignmentLong Text

Economic Growth

Question 8 • * HSA 26-27 Economics

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

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.