The productivity of the agriculture sector (of the economy)increases dramatically.A likely consequence is:

Question

Quizplus · Accepted Answer

If the productivity of the agriculture sector increases, there will be more output with the same amount of input or resources. This would lead to an increase in the supply of foodstuffs, which would ultimately lower prices for consumers. As a result, people will be able to buy more food with the same amount of money they used to spend on food, thereby increasing their purchasing power. This is likely to stimulate demand further and lead to more resources flowing into the agriculture sector in the long run. However, the other options are not necessarily true. An increase in productivity does not guarantee increased resources, an increase in total revenue, or a decrease in revenue. It only enhances the output from the same number of inputs.

The Productivity of the Agriculture Sector (Of the Economy)increases Dramatically