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Select the best answer for the question:

Small businesses account for approximately what percent of the gross domestic product in the United States?

A. 30
B. 15
C. 70
D. 60

Answer :

To solve the problem, we need to choose the percentage that best represents the contribution of small businesses to the U.S. gross domestic product (GDP) from the following options:

[tex]$$
\text{A. } 30\% \quad \text{B. } 15\% \quad \text{C. } 70\% \quad \text{D. } 60\%
$$[/tex]

Here is a step-by-step explanation:

1. Understanding the Context:
Small businesses play a significant role in the United States' economy. They are a major source of innovation and employment. However, their contribution to the overall GDP is a portion of the total economic activity.

2. Evaluating the Options:
- Option B (15\%) appears too low considering the role small businesses have in the economy.
- Options C (70\%) and D (60\%) seem too high, as small businesses are important but do not account for the majority of the GDP.
- Option A (30\%) strikes a balance that is often cited by economic analyses evaluating the impact of small businesses.

3. Conclusion:
Based on the data regarding small businesses’ contributions to the national economy, the most appropriate value among the given options is

[tex]$$
30\%
$$[/tex]

Thus, the best answer is Option A.

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