Question: A large part of the agricultural sector in developing countries is subsistence farming, in which much of the food that is produced is consumed by
A large part of the agricultural sector in developing countries is subsistence farming, in which much of the food that is produced is consumed by the farmer and the farmer's family. Discuss the implications of this fact for the measurement of GDP in poor countries.
Step by Step Solution
★★★★★
3.43 Rating (159 Votes )
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Food that is consumed by its producers does not pass through markets and thus doe... View full answer
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
Document Format (1 attachment)
659-B-E-D-S (368).docx
120 KBs Word File
