Passage: The shift in many developed nations from a manufacturing-based to a service-based economy has rendered traditional economic indicators, such as factory output and durable goods orders, less comprehensive as measures of overall economic health. For decades, these metrics were paramount, as they directly reflected the productive capacity and consumer confidence within the industrial sector. However, with services like information technology, healthcare, and finance now constituting a majority of economic output, indicators that capture the performance of these non-tangible sectors, such as the Non-Manufacturing ISM Report on Business®, have become increasingly vital for a complete and accurate assessment of the economy. Relying solely on manufacturing data can now provide a misleading picture, potentially understating economic strength during periods of service sector growth or overstating a downturn if the industrial sector falters while services remain robust.
It can be inferred from the passage that...
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A
the service sector was not a significant part of the economy in the past.
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B
manufacturing indicators are no longer useful for economic analysis.
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C
a nation's economic health is now more accurately measured by a wider variety of indicators than in the past.
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D
the Non-Manufacturing ISM Report on Business® is the most important economic indicator today.