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Answer :
We start by noting that the problem asks:
“Small businesses account for approximately what percent of the gross domestic product in the United States?”
with the following options:
[tex]$$
\textbf{A)}\ 60\qquad \textbf{B)}\ 30\qquad \textbf{C)}\ 15\qquad \textbf{D)}\ 70.
$$[/tex]
A step-by-step approach to determine the correct answer is as follows:
1. Identify the Provided Options:
The options are given as 60, 30, 15, and 70. These represent percentages, meaning that each option should be interpreted as [tex]$60\%$[/tex], [tex]$30\%$[/tex], [tex]$15\%$[/tex], and [tex]$70\%$[/tex], respectively.
2. Analyze the Economic Context:
Small businesses play a significant role in the United States' economy. Based on common understanding and economic data concerning the contribution of small businesses, the percentage that best matches this contribution is the one that indicates a substantial part of the gross domestic product (GDP).
3. Determine the Correct Estimate:
Among the given figures, the option depicting [tex]$60\%$[/tex] stands out as the most representative of the impact of small businesses on the nation's economy. This estimate accurately reflects their considerable contribution to the GDP.
4. Select the Appropriate Option:
Thus, by considering the overall economic influence and comparing the numerical choices, we conclude that small businesses account for approximately
[tex]$$
60\%
$$[/tex]
of the gross domestic product in the United States.
5. Final Answer:
The correct answer is option A.
In summary, after considering the options and understanding the significant economic role of small businesses, we determine that they contribute approximately [tex]$60\%$[/tex] to the gross domestic product.
“Small businesses account for approximately what percent of the gross domestic product in the United States?”
with the following options:
[tex]$$
\textbf{A)}\ 60\qquad \textbf{B)}\ 30\qquad \textbf{C)}\ 15\qquad \textbf{D)}\ 70.
$$[/tex]
A step-by-step approach to determine the correct answer is as follows:
1. Identify the Provided Options:
The options are given as 60, 30, 15, and 70. These represent percentages, meaning that each option should be interpreted as [tex]$60\%$[/tex], [tex]$30\%$[/tex], [tex]$15\%$[/tex], and [tex]$70\%$[/tex], respectively.
2. Analyze the Economic Context:
Small businesses play a significant role in the United States' economy. Based on common understanding and economic data concerning the contribution of small businesses, the percentage that best matches this contribution is the one that indicates a substantial part of the gross domestic product (GDP).
3. Determine the Correct Estimate:
Among the given figures, the option depicting [tex]$60\%$[/tex] stands out as the most representative of the impact of small businesses on the nation's economy. This estimate accurately reflects their considerable contribution to the GDP.
4. Select the Appropriate Option:
Thus, by considering the overall economic influence and comparing the numerical choices, we conclude that small businesses account for approximately
[tex]$$
60\%
$$[/tex]
of the gross domestic product in the United States.
5. Final Answer:
The correct answer is option A.
In summary, after considering the options and understanding the significant economic role of small businesses, we determine that they contribute approximately [tex]$60\%$[/tex] to the gross domestic product.
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Rewritten by : Barada
