Vietnam has undergone a significant economic transition over the last three decades. Market-oriented reforms have integrated the nation into global supply chains. In 1990, the agricultural sector accounted for around 38% of Vietnam's GDP, but by 2023, its contribution had fallen to approximately 12%. During the same period, the manufacturing sector expanded rapidly, growing from 23% to over 39% of the overall GDP.
Draw a PPC (Production Possibility Curve) diagram to illustrate this transition, showing the reallocation of resources from the agricultural sector to the manufacturing sector.
31 exam-style questions on OCR A Level Economics The allocation of resources. Each one has a worked solution and a mark scheme showing where the marks go.