Services Are Now a Larger Part of the U

question 166

Multiple Choice

Services are now a larger part of the U.S. gross domestic product (GDP) than goods. The growth of the service sector is the result of

• A) changes in the service mix and the decline in goods production.
• B) goods representing a larger part of the gross domestic product than services.
• C) changes in the way service consumers make purchase decisions and the ways in which the marketing mix is used for services.
• D) increased demand for services that have been available in the past and the increasing interest in new services.
• E) the imbalance between exported merchandise and commercial services.

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Definitions:

Spiritual Characteristics

Qualities or attributes pertaining to the spirit or soul, often associated with deep values and meanings in life.

Passions

Intense, driving, or overwhelming feelings or emotions that significantly influence human behavior and decision-making.

Misperceive

To perceive incorrectly; to misunderstand or to have a mistaken interpretation of something.

Clear Thinking

The process of thinking in a clear, logical, and coherent manner, often involving critical analysis and reasoning.