Since 1950,the portion of U.S.GDP created by services has:
A) remained relatively constant.
B) fallen by a half.
C) more than doubled.
D) increased slightly.

Question

Quizplus · Accepted Answer

According to data from the Bureau of Economic Analysis, in 1950, services accounted for approximately 42% of U.S. GDP. As of 2019, services accounted for approximately 85% of U.S. GDP. Therefore, the portion of GDP created by services has more than doubled since 1950.

Since 1950,the Portion of U