146k views
1 vote
Bolivia, GDP by Sector, 2012; Bolivia, Labor Force by Occupation, 2010.

Which statement best summarizes the information on these graphs?

a. Many Bolivians are farmers, but the agriculture sector does not produce much in terms of GDP.
b. Industry in Bolivia has grown very important to that country's economy in recent years.
c. Bolivia is investing large sums of money in education in an effort to encourage economic growth.
d. Bolivia must depend on agriculture if it intends to have a healthy economic future.

User Tiagosilva
by
7.5k points

1 Answer

0 votes

Final answer:

The statement that best summarizes the information on Bolivia's economic sectors and labor force is that many Bolivians work in agriculture, yet it does not contribute significantly to the GDP due to limited arable land and poor rural conditions.

Step-by-step explanation:

The information given about Bolivia suggests that the correct statement summarizing the graphs on Bolivia's GDP by Sector for 2012 and Labor Force by Occupation for 2010 would be: 'Many Bolivians are farmers, but the agriculture sector does not produce much in terms of GDP.' This is supported by the fact that a large portion of the Bolivian population is engaged in agriculture, yet this sector does not contribute proportionally to the GDP. Despite the significant number of the population involved in agriculture and residing in rural areas, Bolivia's economy relies more on the export of natural resources like natural gas, and the industrial sector has a considerable impact on its GDP.

In contrast, manufacturing and industry collectively contribute to nearly a third of the nation's gross domestic product and employ a considerable percentage of the workforce. The lack of arable land and poor conditions in rural areas hamper agricultural growth, which limits its potential to significantly boost the Bolivian economy. Furthermore, the development of human capital through education and innovation is essential for productivity and economic growth, highlighting a potential area for Bolivia to invest in for long-term economic stability.

User Npit
by
7.6k points