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The manufacturing share of GDP is described as having moved from 45 percent in 1960 to:
AAbout 30 percent in 2016
BAbout 60 percent in 2016
CAbout 80 percent in 2016
DAbout 5 percent in 2016
Answer & Solution
Correct answer: A. About 30 percent in 2016
1. The composition of output has shifted over decades.
2. Durable and nondurable goods constitute the manufacturing sector.
3. They have declined from 45 percent of GDP in 1960.
4. By 2016 they were about 30 percent of GDP.
_Source: OpenStax Principles of Macroeconomics for AP Courses 2e (CC BY 4.0), Ch 5 'The Macroeconomic Perspective'_
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