Of the Types of Business Organizations in the United States,partnerships

question 188

Multiple Choice

Of the types of business organizations in the United States,partnerships account for the ________ percentage of firms and ________ percentage of profits.

• A)smallest; the smallest
• B)smallest; neither the largest nor smallest
• C)largest; the smallest
• D)largest; neither the largest nor smallest

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Definitions:

Real GDP Growth Rates

The rate at which the inflation-adjusted value of all goods and services produced in a country grows over a specified period of time.

Rich Countries

Nations with high levels of income per capita, advanced infrastructure, and a high standard of living among their populations.

Economic Growth

An increase in the production of goods and services in an economy over a period of time, typically measured by GDP.

Real GDP Per Person

The inflation-adjusted value of goods and services produced per individual in a country.