Since 1950,the Portion of U

question 1

Multiple Choice

Since 1950,the portion of U.S.GDP created by services has:

• A) remained relatively constant.
• B) fallen by a half.
• C) more than doubled.
• D) increased slightly.

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Definitions:

Treasury Bills

Government-issued securities with maturity of up to a year, offered below their nominal value.

Collection Time

The duration it takes for a business to receive payments owed by its customers after a sale has been made.

Collection Float

The time delay between when a check is written and when the funds are actually deducted from the payer's account.

Treasury Bills

Short-term government securities issued at a discount from their face value and maturing at par.