Discuss the importance of services to the economy

Assignment Help Microeconomics
Reference no: EM131804244

Problem: Discuss the importance of services to the economy. The service sector plays a crucial role in the U.S. economy, employing more than 80 percent of the workforce and accounting for a similar percentage of the gross domestic product.

Question: To keep track of how service employment is affecting the U.S. economy. Look at the right sidebar, which gives the latest numbers for Business Employment Dynamics. What trends to you see? Do the numbers support the information from the chapter?

Reference no: EM131804244

Questions Cloud

Create an ethical personal selling work environment : What is required in order to create an ethical personal selling work environment?
Discuss the product development process at kodak : Designing usable and intriguing products is an integral part of Kodak's marketing process. Paul Porter, director of corporate design and usability.
Critical path falls behind schedule : If an activity on the critical path falls behind schedule, what effect will this have on the entire project?
What is neptune net operating profit margin : The fiscal 2009 balance sheet reports net operating assets of $5,995,633. What is Neptune's 2010 net operating profit margin
Discuss the importance of services to the economy : Discuss the importance of services to the economy. The service sector plays a crucial role in the U.S. economy, employing more than 80 percent.
Prepare a ppt that give history of civil and economic rights : Prepare a PowerPoint Presentation that gives the history of both civil and economic rights. Then as a conclusion, based on the research you have completed.
A professor cannot grade his students : A professor cannot grade his students' exams until the students have completed taking the test. What kind of relationship is this?
Began is becoming publically-traded company : Directions: The start-up that you've worked for since it began is becoming a publically-traded company.
Analysis for predicting a project schedule : What is one advantage and one disadvantage of Monte Carlo analysis for predicting a project schedule?

Reviews

Write a Review

Microeconomics Questions & Answers

  What happens to domestic output and domestic interest rate

What happens to domestic output and the domestic interest rate? Is it possible that a government that was previ- ously committed to a fixed exchange rate might abandon it when faced with a fear of depreciation?

  Describe the legal aspects of health care administration

Margie has just attended the funeral of her son William, who died this week after several years of poor life quality in the same nursing facility. William's first stroke happened 3 years prior; two more strokes followed, and he lingered in poor he..

  Derive the long-run cost function of the firm

Shutdown decision of the food manufacturer The production function of a typical food manufacturer has been estimated to be.

  How does the error change as we vary the step size

Use Euler's method to approximate the solution of the differential equation y' = (1 + y)/(1 - y) with any initial condition y(0) -:: 1. What happens here?

  What type of agency problem is involved in an article

Why would a chain such as Marriott tend to own its hotels in resort areas, such as national parks, where there is little repeat business, and franchise hotels in down-town areas, where there is a lot of repeat business.

  What might pfizer hadid pfizer violate any ethical standards

In the 1990s, Pfizer, Inc., developed a new antibiotic called Trovan (trovafloxacin mesylate). Tests showed that in animals Trovan had life-threatening side effects, including joint disease, abnormal cartilage growth, liver damage and a degenerati..

  To what extent is investment in education a necessary

To what extent is investment in education a necessary condition for economic development? What is meant by the complementarities between investment in physical and human capital? Why are these important?

  What are the three functions of money

What are the three functions of money and Which function is the defining characteristic and how is the discount rate different from the federal funds rate?

  Has the percent increased at a fairly steady rate

Construct a scatterplot using y = calories and x = fat. Does it look like there is a relationship between fat and calories? Is the relationship what you expected? Explain.

  The wage-skills relationship in the labor market

1. In the US, the wage-skills relationship in the labor market before government intervention is wus=100+0.4s, where s is the number of "efficiency units of skill" and w is the weekly wage. In Canada, the wage-skills relationship is WC=250 + 0...

  How would you decide what was the best level of emission

Sometimes market activities (production, buying, and selling) have unintended positive or negative effects outside the market's scope. These are called externalities. As a policy maker concerned with correcting the effects of gases

  What happens to the firms profit

Normal 0 false false false EN-US X-NONE X-NONE MicrosoftInternetExplorer4 ..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd