Currently, the Service Sector Generates Over 3/4 of the Gross

question 34

True/False

Currently, the service sector generates over 3/4 of the gross domestic product(GDP) for the U.S.

---

Definitions:

Cross-border Flow

The movement of goods, services, capital, or labor across national borders, highlighting aspects of globalization and international trade.

Foreign Direct Investment

Investment made by a company or individual in one country in business interests in another country, in the form of either establishing business operations or acquiring business assets.

Multinational Corporations

Large companies that operate and have assets in several countries, beyond their home country, to maximize global market presence.

National Labor Unions

Early labor organizations in various countries that sought to advocate for workers' rights and interests across multiple industries.