The change in the United States' position as a dominant industrial power is characterized as a relative decline because it
A) is the direct result of an isolationism policy.
B) doesn't account for entrepreneurial activity.
C) actually increased compared to some other developed nations.
D) accounts for the production of goods and services.
E) reflects the faster economic growth of several other economies.

Question

Quizplus · Accepted Answer

The relative decline refers to the fact that while the U.S. economy continues to grow, other economies have been growing at a faster rate, thus changing the U.S.'s relative position in the global economy.

The Change in the United States' Position as a Dominant