Question

The United States is now considered a service-oriented economy, with the service industry accounting for an estimated _____ percent of the total U.S. economy.

Answer 1

The service industry accounts for over 60 percent of the total U.S. economy, as shown in Figure 19.5. The rise of the information age also resulted in a large portion of the workforce being employed in information activities.

Step-by-step explanation:

The United States is now considered a service-oriented economy, with the service industry accounting for over 60 percent of the total U.S. economy.

This is evident from Figure 19.5, which shows that services make up over 60 percent of the production side components of GDP in the United States.

Additionally, the rise of the information age in the latter part of the 20th century shifted the workforce into the information sector, with 65 percent of the US workforce employed in information activities.