Define labor force distribution

Assignment Help Microeconomics

Reference no: EM131484861

Question: Given table in the text provides evidence for a close relation between a decrease in the share of the labor force engaged in agriculture (the primary sector) and an increase in the share of the labor force employed in industry (the secondary sector) and services (the tertiary sector) and a higher level of development for a country. You are going to draw two graphs. In the first, put the "level of development" on the vertical axis and the "share of the labor force employed in agriculture" on the horizontal. Using the same four LDCs for which you collected data in problem 1 above, find the HDI value (this is the "level of development" measure) and the share of the labor force employed in agriculture for the most recent year possible, and plot the data for these two variables (if you have access to Excel or some other spreadsheet program, input the data there and use it to draw a scatter diagram).

You can find the data at the UN Development Programme website, https://www.undp.org. On a second graph, again put the "level of development" on the vertical axis but now put the "share of the labor force employed in industry" on the horizontal. Find and plot this data for your selected countries using the same source as above (of course you already have the HDI data from the first graph). In both graphs, draw a straight line through the points which best fits the data (if you are using Excel, have the program draw a trend line for you). What relationship do you find in each graph as determined by the slope (positive or negative) of the "regression" line you have drawn? In your own words, explain what "story" the data tell you about the relationship between the share of labor at work in agriculture and industry and the level of development of the four countries as measured by their HDI values.

2383_9.2.png

Reference no: EM131484861

Questions Cloud

Dominance and independent assortment : The 9:3:3:1 ratio is typical of a dihybrid cross in which complete dominance and independent assortment occur.

The four applied areas of psychology recognized by the apa : The majority of pre-employment selection instruments for law enforcement have demonstrated both concurrent and predictive validity.

Write a definition of needs assessment : Write a definition of Needs Assessment based on what you read in the textbook. Why must a Needs Assessment be done before training is developed?

Saltwater and freshwater fish : Mechanisms used by saltwater and freshwater fish to regulate their osmotic and salt balance, explain the changes in ion transport.

Define labor force distribution : Given table in the text provides evidence for a close relation between a decrease in the share of the labor force engaged in agriculture (the primary sector).

Description of ghana and what is the culture in ghana : Description of ghana. What is the culture in ghana

Standpoint of water and ionic balance : What types of osmolytes do these animals use? Why is using these osmolytes preferential from the standpoint of water and ionic balance?

Executive attempts to salvage martha stewart living : Metal Recycling Executive Attempts to Salvage Martha Stewart Living. So what leadership steps should Dienst take tobegin “ rolling up his sleeves? ”

Explain economic rationale for imposing an infant industry : Carefully explain the economic rationale for imposing an infant industry tariff to protect new producers from import competition.

User Account

All Pages