The reasons) for the decline of the GDP rate for manufacturing include:
A) Offshore of production
B) Business closures
C) Reduction of demand by consumers
D) Productivity improvements by manufacturers
E) a&d

Question

Quizplus · Accepted Answer

Offshoring of production and productivity improvements by manufacturers can lead to a decline in the GDP rate for manufacturing. Offshoring can reduce domestic manufacturing output, and productivity improvements can decrease the need for labor, potentially lowering the sector's contribution to GDP if not accompanied by equivalent increases in output.

The Reasons) for the Decline of the GDP Rate for Manufacturing