What would be the growth rate of agriultural production

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Suppose population growth rate is 0.03, inome elastiity of demand for consumption is 0.75 and inome growth rate of 0.05. what should be the growth rate of agriultural production for balaned growth of the economy?

Reference no: EM1352387

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What would be the growth rate of agriultural production : Suppose population growth rate is 0.03, inome elastiity of demand for consumption is 0.75 and inome growth rate of 0.05. what would be the growth rate of agriultural production for balaned growth of the economy.

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