There are 5 categories that Johnston and Mellor identified in 1961 as contributions of Agriculture in Economic Development. Give 1 example for each category and how this happened. (1 or 2 sentences) 1 Farm products for domestic consumption 2 The export of farm products and earnings of foreign exchange 3 The transfer of manpower to the industrial sector 4 The flow of money into capital formation 5 The increased incomes in agriculture as a market for industrial products

There are 5 categories that Johnston and Mellor identified in 1961 as contributions of Agriculture in Economic Development. Give 1 example for each category and how this happened. (1 or 2 sentences) 1 Farm products for domestic consumption 2 The export of farm products and earnings of foreign exchange 3 The transfer of manpower to the industrial sector 4 The flow of money into capital formation 5 The increased incomes in agriculture as a market for industrial products

Brief Principles of Macroeconomics (MindTap Course List)

8th Edition

ISBN:9781337091985

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter7: Production And Growth

Section: Chapter Questions

Problem 4PA

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