Public Services and Economic Sectors

The video explores Chapter 12, focusing on the distribution of services in developed and developing countries. It covers three main types of services: consumer, business, and public services, highlighting their economic significance. The video also discusses the impact of the service sector on the 2008 recession and its role in economic growth, particularly in developed countries.

What is the main focus of Chapter 12 Key Issue One?

• The decline of services

• The future of services

• The history of services

• The distribution of services

In developed countries, services contribute to what fraction of the GDP?

• Less than one half

• More than two-thirds

• Exactly one half

• Less than one third

Which of the following is NOT considered a consumer service?

• Retail

• Education

• Manufacturing

• Leisure

What type of services includes law, management, and accounting?

• Public Services

• Consumer Services

• Agricultural Services

• Business Services

Which term is used to refer to Finance, Insurance, and Real Estate services?

• AIR

• FIRE

• WATER

• EARTH

What percentage of public service workers are employed by local governments?

• One fourth

• One sixth

• One third

• Three fifths

Which sector showed the most growth but was also hit hardest by the 2008 recession?

• Mining

• Service

• Manufacturing

• Agriculture

What caused the recession in developed countries according to the video?

• Agricultural decline

• Mining downturn

• Service sector issues

• Manufacturing collapse

Which of the following is a primary activity that has declined in developed countries?

• Accounting

• Mining

• Consulting

• Retail

What is the role of public services according to the video?

• To generate profit

• To manufacture goods

• To offer security and protection

• To provide entertainment