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The rate of growth in GDP affects agriculture

lurielbank

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The rate of growth in GDP affects agriculture

The rate of growth in GDP affects agriculture

• Has a major effect on agriculture because of the high income elasticity for agricultural products.

• Has a minimal effect on agriculture because more consumers eat away from home.

• Has a major effect on agriculture because people need to eat.

• Has a minimal effect on agriculture because of the low income elasticity for agricultural products.

Textbook

Introduction to Agricultural Economics

Edition: 7^th

Authors: Penson, Rosson, Woodward

Read 53 times

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meigsfla

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