Critical Thinking many developed countries, including the u.s., have in recent decades become primarily service economies; that is, there is relatively little manufacturing of goods, and most people in the economy are employed by service industries. Why do you think this has occurred? in what ways is this trend a good and/or a bad thing for a country? Do you think this trend will continue?

Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter19: The Macroeconomic Perspective
Section: Chapter Questions
Problem 32P: In 1980, Denmark had a GDP of 70 billion (measured in U.S. dollars} and a population of 5.1 million....
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Critical Thinking many developed countries, including
the u.s., have in recent decades become primarily service
economies; that is, there is relatively little manufacturing
of goods, and most people in the economy are employed
by service industries. Why do you think this has occurred?
in what ways is this trend a good and/or a bad thing for a
country? Do you think this trend will continue?

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