Question: Using at least one outside source, explain WHY you think these valuesin the data for question 1 differ between the two countries? How does long-run
Using at least one outside source, explain WHY you think these valuesin the data for question 1 differ between the two countries? How does long-run economic growth operate differently between these two countries.
| CHINA | YR2000 | YR2015 | % CHANGE |
| Industry (including construction), value added (% of GDP) | $ 46 | $ 41 | -10% |
| GDP (constant 2015 US$) | $ 2,770,108,015,881 | $ 11,061,553,079,872 | 299% |
| GDP per capita (constant 2015 US$) | $ 2,194 | $ 8,016 | 265% |
| Population, total | $ 1,262,645,000 | $ 1,379,860,000 | 9% |
| Employment in agriculture (% of total employment) (modeled ILO estimate) | $ 50 | $ 29 | -43% |
| Employment in industry (% of total employment) (modeled ILO estimate) | $ 23 | $ 29 | 30% |
| Employment in services (% of total employment) (modeled ILO estimate) | $ 27 | $ 42 | 54% |
| Employment to population ratio, 15+, total (%) (modeled ILO estimate) | $ 74 | $ 67 | -10% |
| Land area (sq. km) | $ 9,424,700 | $ 9,424,701 | 0% |
| CANADA | YR200 | YR2015 | % CHANGE |
| Industry (including construction), value added (% of GDP) | $ 30 | $ 24 | -17% |
| GDP (constant 2015 US$) | $ 1,047,046,486,898 | $ 1,556,508,816,217 | 49% |
| GDP per capita (constant 2015 US$) | $ 34,122 | $ 43,596 | 28% |
| Population, total | $ 30,685,730 | $ 35,702,908 | 16% |
| Employment in agriculture (% of total employment) (modeled ILO estimate) | $ 3 | $ 2 | -35% |
| Employment in industry (% of total employment) (modeled ILO estimate) | $ 23 | $ 20 | -14% |
| Employment in services (% of total employment) (modeled ILO estimate) | $ 74 | $ 78 | 6% |
| Employment to population ratio, 15+, total (%) (modeled ILO estimate) | $ 61 | $ 61 | 0% |
| Land area (sq. km) | $ 8,965,590 | $ 8,965,590 | 0% |
| YE2015 | CHINA | CANADA | %DIFFERENCE |
| Industry (including construction), value added (% of GDP) | $ 41 | $ 24 | -40% |
| GDP (constant 2015 US$) | $ 11,061,553,079,872 | $ 1,556,508,816,217 | -86% |
| GDP per capita (constant 2015 US$) | $ 8,016 | $ 43,596 | 444% |
| Population, total | $ 1,379,860,000 | $ 35,702,908 | -97% |
| Employment in agriculture (% of total employment) (modeled ILO estimate) | $ 29 | $ 2 | -94% |
| Employment in industry (% of total employment) (modeled ILO estimate) | $ 29 | $ 20 | -32% |
| Employment in services (% of total employment) (modeled ILO estimate) | $ 42 | $ 78 | 86% |
| Employment to population ratio, 15+, total (%) (modeled ILO estimate) | $ 67 | $ 61 | -9% |
| Land area (sq. km) | $ 9,424,701 | $ 8,965,590 | -5% |
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
