About ________ Percent of the Total Economic Output of the United

question 101

Multiple Choice

About ________ percent of the total economic output of the United States derives from the output of the knowledge and information sectors of the economy.

• A)15
• B)20
• C)55
• D)65
• E)85

---

Definitions:

Accounting Entity

A clearly defined economic unit that isolates the financial activities of a specific business from those of its owners and other businesses.

Articles of Co-partnership

A legal document that specifies the rights, responsibilities, and obligations of partners in a partnership business.

Oral Agreements

Contracts or agreements that are made through spoken communication rather than in writing, though their legal enforceability can vary.

Arbitration

A form of dispute resolution where an impartial third party, the arbitrator, makes a decision to resolve a dispute outside of court.