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Linkages Between Agriculture and The U.S. National Income and Product Accounts

Published online by Cambridge University Press:  07 July 2020

Gerald Schluter*
Affiliation:
Economic Research Service, U.S. Department of Agriculture
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Extract

The role played by agriculture in a developed urban-oriented economy such as the U.S. differs quite markedly from the heavy reliance upon agriculture which one observes in less developed nations. As an economy goes through the various stages of development, the contribution of agriculture to gross national product usually declines in relative importance. Concurrently, an increasingly complex marketing system for agricultural products develops. As transportation, trade, and other marketing services become increasingly specialized and prevalent, the interrelationships between agriculture and the rest of the economy become more numerous and increasingly complex.

Type
International Trade and Development
Copyright
Copyright © Northeastern Agricultural and Resource Economics Association 

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References

[1] U.S. Dept. of CommerceIndustrial Composition of Personal Consumption Expenditures, by PCE Category, in Producers and Purchasers Prices, 1963”, Reprint of 363 sector detail available form Bureau of Economic Analysis, U.S. Dept. of Commerce, 1971.Google Scholar
[2] U.S. Dept. of CommerceInput-output Structure of the U.S. Economy: 1963 Vol. 2 Direct Requirements for Detail Industries” and Vol. 3 “Total Requirements for Detailed Industries”. A Supplement to the Survey of Current Business, 1969.Google Scholar