bolivia, labor force by occupation, 2010 bolivia, gdp by sector, 2012 use the graphs to answer the question…

bolivia, labor force by occupation, 2010 bolivia, gdp by sector, 2012 use the graphs to answer the question. which sector uses labor most efficiently? technology industry services agriculture agriculture: 32% agriculture: 13.8% industry: 20% industry: 38.1% services: 48% services: 52%

bolivia, labor force by occupation, 2010 bolivia, gdp by sector, 2012 use the graphs to answer the question. which sector uses labor most efficiently? technology industry services agriculture agriculture: 32% agriculture: 13.8% industry: 20% industry: 38.1% services: 48% services: 52%

Answer

Explanation:

Step1: Analyze labor - to - GDP ratio

To determine which sector uses labor most efficiently, we consider the ratio of GDP contribution to labor force share. For agriculture, labor force share is 32% in 2010 and GDP share is 13.8% in 2012. For industry, labor force share is 20% and GDP share is 38.1%. For services, labor force share is 46% and GDP share is 52%.

Step2: Calculate ratios

Agriculture ratio: $\frac{13.8}{32}\approx0.43125$. Industry ratio: $\frac{38.1}{20}=1.905$. Services ratio: $\frac{52}{46}\approx1.1304$.

Step3: Compare ratios

Since $1.905>1.1304 > 0.43125$, industry has the highest ratio of GDP contribution to labor - force share.

Answer:

Industry