In the U.S. economy, which of the following statements is TRUE?
A) More goods are produced than services.
B) More services are produced than goods.
C) Production is divided evenly between goods and services.
D) The economy is too complex to determine the proportion of production that is devoted to producing services.

Question

Quizplus · Accepted Answer

The U.S. economy is primarily a service economy, with services constituting a larger portion of the GDP compared to goods. This reflects a broader trend in advanced economies towards greater reliance on the service sector.

In the US Economy, Which of the Following Statements Is TRUE