Which of the following is TRUE of the service sector?
A) Jobs represented in the service sector of the economy exclude categories such as intellectual property and consulting.
B) In terms of U.S. gross domestic product, services account for less than 60 percent and that number is declining.
C) Changing U.S. demographics represent a major driver for why the service sector is thriving.
D) The long-term shift from service-producing to goods-producing employment is expected to continue.
E) Today, we operate in an economy that seldom focuses on intangible offerings.

Question

Quizplus · Accepted Answer

Changing U.S. demographics, such as an aging population and an increase in dual-income families, have led to a greater demand for services such as healthcare, childcare, and personal services, which has contributed to the growth of the service sector. The other answer choices are not true of the service sector.

Which of the Following Is TRUE of the Service Sector