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The relatively faster employment growth in the service sector may be contributed to the following factors except: a. increase in real income b. relatively higher
The relatively faster employment growth in the service sector may be contributed to the following factors except:
a. | increase in real income | |
b. | relatively higher productivity growth in the manufacturing sector | |
c. | the income elasticity of the demand for services is less than one | |
d. | relatively higher degree of international competition in the manufacturing sector | |
e. | the contracting out of services by companies in the manufacturing sector |
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