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

According to the Bureau of Economic Analysis, in 2020, approximately 67% of the U.S. economy was made up of services, while goods accounted for the remaining 33%. Therefore, statement B is true, while statements A, C, and D are false.

In the USEconomy,which of the Following Statements Is True