Solved

As the Service Sector in the U

Question 79

Multiple Choice

As the service sector in the U.S.economy grows, traditional productivity measures will become:


A) biased downward, because the qualitative aspects of a service tend to be understated.
B) biased upward, because quantitative improvements in the service sector tend to be overstated.
C) biased upward, because prices in the service sector always rise faster than prices in manufacturing.
D) biased downward, because service output leads to a long-run decline in the inflation rate.
E) completely inappropriate for measuring even manufacturing output.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents