27709
AssignmentLong Text

Economic Growth

Question 27709 • * 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:

In Bolivia, a large percentage of the labor force is employed in agriculture, but this sector accounts for a relatively small portion of the country's total GDP. These percentages differ because the industrial sector—specifically mining and natural gas—generates high revenue with fewer workers, while much of the agricultural labor is focused on lower-value subsistence farming.

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