Define labor force distribution

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.

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Reference no: EM131484861

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