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Chapter 18: Q. b- For Critical Thinking (page 401)

Why do you suppose that many observers regard India's agricultural productivity issues related to land use as analogous to the problems arising from dead capital?

Short Answer

Expert verified

Agricultural productivity is calculated by dividing agricultural outputs by agricultural inputs.

Step by step solution

01

Introduction.

Other factors that contribute to our country's low agricultural productivity include:

  • A lack of irrigation facilities on a large portion of the cultivated land
  • small and fragmented land holdings among cultivators
  • A lack of timely availability of quality seeds.
02

Agriculture's Productivity.

The ratio of agricultural outputs to inputs is used to calculate agricultural productivity. While individual products are usually measured by mass, which is referred to as crop yield, the variety of products makes calculating overall agricultural output difficult.

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Most popular questions from this chapter

For each of the following situations, explain which of the policy issues discussed in this chapter relates to the stance the institution has taken.

a. The World Bank offers to make a loan to a company in an impoverished nation at a lower interest rate than the company had been about to agree to pay to borrow the same amount from a group of private banks.

b. The World Bank makes a loan to a company in a developing nation that has not yet received formal approval to operate there, even though the government approval process typically takes 15months.

c. The IMF extends a loan to a developing nation's government, with no preconditions, to enable the government to make already overdue payments on a loan it had previously received from the World Bank.

A country's real GDP is growing at an annual rate of 3.1percent, and the current rate of growth of per capital real GDP is0.3 percent per year. What is the population growth rate in this nation?

Discuss the sources of international investment funds for developing nations.

Assume that each 1billion in net capital investment generates 0.3percentage point of the average percentage rate of growth of per capita real GDP, given the nation's labor resources. Firms have been investing exactly 6billion in capital goods each year, so the annual average rate of growth of per capita real GDP has been 1.8percent. Now a government that fails to consistently adhere to the rule of law has come to power, and firms must pay 100million in bribes to gain official approval for every 1 billion in investment in capital goods. In response, companies cut back their total investment spending to 4 billion per year. If other things are equal and companies maintain this rate of investment, what will be the nation's new average annual rate of growth of per capita real GDP?

In principle, how could a nation maintain a relatively high rate of economic growth even if it also has a relatively high rate of population growth?
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