Subsistence farming refers to producing crops and keeping livestock only to meet one’s own needs, with no excess left to sell or exchange. Why does this make it hard for a government to assess economic growth in an economy that depends on subsistence farming?
- AFarmers’ families consume most of their own produce.
- BFarmers have low rates of saving.
- CThe size of harvest is dependent on the weather.
- DThe surplus produce is sold to the government.