Answer
It is not an arithmetic sequence.
Work Step by Step
A sequence is arithmetic if $a_2−a_1=a_3−a_2=a_4−a_3=a_5−a_4=...=d$
For the given sequence we have that:
$a_2-a_1=40-80=-40$
$a_3-a_2=20-40=-20$
It is not an arithmetic sequence.