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22 April, 14:17

Does a high percentage of GDP from agriculture make a country more or less productive

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  1. 22 April, 18:08
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    GDP or Gross Domestic Product is the total amount of money that represents the market value of all final goods and services produced in a period of income. This is usually used as a benchmark of how well an economy of a country is doing, in comparison to others.

    So, if the GDP in agriculture is high, then that means that the market value of agricultural goods and services are very productive as of the given time period. This may be brought about by good farming techniques applied, good weather conditions, enough budget and allowance for irrigation and land fertilizing, and many more. Therefore, a high GDP is a very good sign that the economy is rising.
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