Question

Rank the economic roles of the Agricultural, Banking, Manufacturing, and Transportation sectors in creating the modern American economy. Who played the biggest roles & who smallest?

Answer 1

The American economy is one of the world's largest economy.  different sectors contributed differently according to their importance. firstly the agriculture sector, in America contributes only 0.8% to the economy where most of the agricultural demand been fulfilled by importing 4.9%. here the labor force assigned to the agricultural sector is 0,7% to the banking industry and transportation service both are coming under the service sector. the contribution of the service sector to GDP by 80%. where the banking sector contributed 7.7% out of 21% of total contribution or finance, insurance, and real estate. here 1.5 million people engaged in this service sector. the banking sector with the diversified product is more popular. The manufacturing sector has 11% contribution to the US economy verify product been manufactured with an import of 32% allied manufacturing accessories. finally, the transport sector has a 3.2% contribution to the US economy.

comparing all of their contributions to the US economy we can conclude that the highest contributor is the manufacturing industry worth 11% followed by banking and finance 7.5%, then the transportation sector by 3.2%, where the lowest contributor is the agriculture sector only adding 0.8% to the economy.