The Output of Goods and Services Produced in the United

question 111

True/False

The output of goods and services produced in the United States has grown on average 3 percent per year since 1965.

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Definitions:

Public Ownership

Organization owned and operated by a unit or agency of government.

Employee Ownership

Business ownership in which workers own shares of stock in the company that employs them.

Subchapter S Corporation

A form of corporation in the United States that meets specific Internal Revenue Code requirements, allowing it to be taxed as a pass-through entity, thus avoiding double taxation.

Shareholders

Individuals or entities that own one or more shares of stock in a company, and therefore have a financial interest in its performance.