Question

how Bolivia’s labor force by occupation compares to its GDP by sector.

Answer 1

Answer:

Explanation:

Labor force - by occupation: agriculture: 29.4%

industry: 22%

services: 48.6% (2015 est.)

Definition: This entry lists the percentage distribution of the labor force by sector of occupation. Agriculture includes farming, fishing, and forestry. Industry includes mining, manufacturing, energy production, and construction. Services cover government activities, communications, transportation, finance, and all other economic activities that do not produce material goods. The distribution will total less than 100 percent if the data are incomplete and may range from 99-101 percent due to rounding.

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Answer 2

Bolivia's labor force by occupation contributes 29.5% from the agricultural sector, 23% from the industrial sector and from the services sector it contributes 48.7% to its GDP

Explanation:

• In regards to the agricultural sectors the contribution to the GDP by the labor force comes from the areas of farming, fishing, and the forests. There are number of service industries which also contribute to the economy in terms of transportation, communication, finance and more
• There many industries in Bolivia since there is a lot of oil and natural gas available in the economy. The industrial sector consists of mining, industries of clothes and handicrafts, manufacturing, tobacco and more.
• The mining industry has played an important role and has boosted the economy to a large extent and also added to the GDP of the country. The growth of the economy was due to the companies run by the government

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