The Service Industry Represents ________ of the Value of the U.S

question 162

Multiple Choice

The service industry represents ________ of the value of the U.S. economy.

• A) about 30%
• B) under 50%
• C) about 70%
• D) about 50%

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Definitions:

Nonmonetary Asset

Assets that cannot be easily converted into cash and hold value in forms other than currency, such as property, equipment, and patents.

Boot

In finance and real estate, boot refers to cash or other property added to an exchange or transaction to make it equitable.

Carrying Amount

The value of an asset or liability according to a company's balance sheet, factoring in depreciation, impairment, and amortization.

List Price

The manufacturer's suggested retail price of a product before any discounts or allowances are taken into account.