How has the dependence on services changed in the U.S. economy?
A)Services do not play as a large a role in the U.S. economy today compared to ten years ago.
B)Services and products represent equal percentages of the U.S. gross domestic product.
C)Services continue to play a minor role in the U.S. economy.
D)Services are not considered a component of the U.S. gross domestic product.
E)Today, services account for a higher percentage of the GDP than in previous decades.

Question

Quizplus · Accepted Answer

The best choice is E because services account for a higher percentage of the GDP today than in previous decades. This trend is largely due to the shift towards knowledge-based industries such as technology and healthcare, which require specialized services. As a result, services have become a driving force in the U.S. economy, representing approximately 80% of the country's GDP.

How Has the Dependence on Services Changed in the U