What is perhaps the most important economic reality in the United States over the last 50 years?
A) Real GDP has declined dramatically since the end of World War II.
B) The middle class has been shrinking.
C) Those with higher income are greater than those in the middle or lower-income classes.
D) Our economy has shifted to become dominated by intangibles such as services and information.
E) Our economy is still suffering from the very high inflation rates of the 1970s.

Question

Quizplus · Accepted Answer

The US economy has shifted from being dominated by tangible goods to being dominated by intangible services and information.

What Is Perhaps the Most Important Economic Reality in the United