Question: Services contribute how much to the U . S . gross domestic product as compared with goods? Services contribute about half as much. Services contribute

Services contribute how much to the U.S. gross domestic product as compared with goods?
Services contribute about half as much.
Services contribute about the same.
Services are not a component of GDP.
Services contribute about twice as much.
Goods and services are not immediately comparable since so many services are performed for free.
Services contribute how much to the U.S. gross domestic product as

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Q:

1. Based on the 2017/18 budget for Trinidad and Tobago prepared by the minister of finance, what are the impact the budgetary allocations would have on both the public and private sectors of trinidad...

Q:

what is the value of the Antamina project, based on the estimates in the case? INTRODUCTION It was July 15, 1998, and the finance committee of Compania Minera Antamina S.A. (CMA) had just finished...

Q:

Opportunities abound in Bahrains manufacturing sector This article first appeared in The Edge Malaysia Weekly, on July 17, 2017 - July 23, 2017. The country plans to invest over US$32 billion in key...

Q:

Article : Opportunities abound in Bahrains manufacturing sector This article first appeared in The Edge Malaysia Weekly, on July 17, 2017 - July 23, 2017. The country plans to invest over US$32...

Q:

3M Canada the Health Care Supply Chain Q Please answer the following questions: 1. One full paragraphs, clearly written and acceptable for submission to corporate leadership. 2. Identify potential...

Q:

3M Canada the Health Care Supply Chain Q Please answer the following questions: 1.Please give a brief overview of the company, including at a minimum: type of business, organizational objectives,...

Q:

Evaluate the costs of the current distribution system and a direct-to-hospital supply chain solution in the following areas: storage, fulfillment, customer service, transportation, and warehouse...

Q:

3M Canada the Health Care Supply Chain Q Questions: 1. Evaluate the costs of the current distribution systems and a direct-to-hospital supply chain in the following areas: storage, fulfillment,...

Q:

Part 1: Expenditures Approach to Calculating GDP (weight 45% of the assignment grade) BEA estimates the nation's GDP for each year and each quarter. But new GDP statistics are released every month....

Q:

chapter 6 \" International Management It was once said that the sun never set on the British Empire. Today, the sun does set on the British Empire, but not on the scores of global empires, including...

Q:

Golf World, Incorporated (GWI) sells products and services for the sport of golf. One of its key business units specializes in the repair and reconditioning of golf carts. GWI enters into contracts...

Q:

Bristol Corporations income statement for the year ended June 30, 2011, and its comparative balance sheets for June 30, 2011 and 2010 follow. Bristol Corporation Income Statement For the Year Ended...

Q:

Visit your community library and study the annual report of a retailer that interests you. What information in the annual report would influence your decision to work there?

Q:

Whole Grains LLC uses statistical process control to ensure that its health - conscious, low - fat, multigrain sandwich loaves have the proper weight. Based on a previously stable and in - control...

Q:

=+ What interactive contests or fun activities could you invent to get people tweeting?

Q:

=+If you know which audiences you're targeting, you may be able to see

Q:

=+How would you target this group? You could consider: Eyebrows (lines that appear before the headline to speak to a specific group, like: Attention Pet lovers! as discussed in chapter 4).