agriculture economic growth

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AGRICULTURAL INVESTMENTS AND ECONOMIC GROWTH Performance Standard 15A.J Identify in newspaper articles or in agricultural magazines examples of agricultural investments that can contribute to real economic growth accordingly: • Knowledge: define “real economic growth”; identify one or more examples of factors that contribute to real economic growth, including at least one investment each in human capital, physical capital and technology. • Reasoning: explain how investments in human capital, physical capital and technological change can result in real economic growth. • Communication: underline in at least three newspaper articles text factors contributing to real economic growth; provide a written explanation for the factors in each article that is well focused, well organized and well detailed; express all ideas in a way that provides evidence of knowledge and reasoning processes. Procedures 1. In order to understand economic systems, with an emphasis on the United States (15A), students should experience sufficient learning opportunities to develop the following skill: • Explain the concept of real economic growth. • Identify the factors contributing to real economic growth in a nation (e.g., investments in human/physical capital, research and development, technological change). • Explain how the factors can contribute to real economic growth. The agriculture related industry substantially contributes to the real economic growth of the United States. This standard and related performance descriptors are especially applicable to the principles presented in an agribusiness course. In addition, it is an excellent way to incorporate current events into any area of the agricultural curriculum. This assessment will provide students with an understanding of how the United States’ economy is affected by agricultural investments in human capital,

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