Census And Economic Information Center Newsletter [electronic Resource] 2005 Sum

Cover Census And Economic Information Center Newsletter [electronic Resource] 2005 Sum
Census And Economic Information Center Newsletter [electronic Resource] 2005 Sum
Montana.Census And Economic Information Center
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Needless to say, (A Tale. . . continued on page 4) Economic News Montana's Changing Industrial Structure: The Composition of Gross State Product Susan Ockert, Economist "Google ™ that!" "Can you hear me now?™" "Venti double shot soy latte." The U.S.
economy has changed drastically in the last 80 years, let alone since the beginning of the 2r' century. However, up until 1997, industries were still classified according to standards begun in the 1930s.
With the emergence of a service-oriented and
...knowledge -based economy, driven by faster and faster technologies, measuring the economic activity of a nation was hindered by the antiquated Standard Industrial Classification (SIC) system. As the United States, Canada and Mexico became more closely integrated under the North American Free Trade Agreement, comparable statistics were needed as well.
(GSP . . . continued on page 5) Montana Gross State Product: 2003 Agriculture Other services Leisure & Hospitality 5% 'Education and Health Services Professional and Business Services ■Pjblic Education is included in Gcvernnient.


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