Asked by Katey Dotson on Jul 12, 2024
Verified
How does the U.S. Department of Agriculture (USDA)measure the effect that technological changes have had on output? Compare 1950's index number to 2015's index number.
USDA
The United States Department of Agriculture (USDA) is a federal agency responsible for developing and executing federal laws related to farming, forestry, and food.
Technological Changes
Innovations or improvements in technology that affect productivity, efficiency, and competitiveness in an industry or economy.
Index Number
A statistical measure that shows changes in a variable or group of variables over time, often used for economic data analysis.
- Determine the technological progress in agriculture and its effects on agricultural practices.
Verified Answer
MC
Mitzy CuevasJul 19, 2024
Final Answer :
The USDA's simplest measure of these changes over time is their index of farm output per unit of farm labor. In 1950, the index of farm output to farm labor was a single unit of farm labor could produce 10 units of farm output. In 2015, a single unit of farm labor could produce 116 units of farm output.
Learning Objectives
- Determine the technological progress in agriculture and its effects on agricultural practices.