Answer :
Sure, let's break down the question about the importance of small businesses to the U.S. economy.
We're given several statements and need to determine which one is correct regarding small businesses:
1. They represent 99.9 percent of all employer firms.
2. They employ about two-thirds of all private-sector employees.
3. They have generated 45 percent of net new jobs over the past 20 years.
4. They pay 60 percent of total U.S. private payroll.
After considering the information, the statement that "they have generated 45 percent of net new jobs over the past 20 years" is the accurate one. This highlights the role of small businesses in job creation within the economy over a significant period. Small businesses are indeed vital in contributing to new job opportunities, making this statement correct.
We're given several statements and need to determine which one is correct regarding small businesses:
1. They represent 99.9 percent of all employer firms.
2. They employ about two-thirds of all private-sector employees.
3. They have generated 45 percent of net new jobs over the past 20 years.
4. They pay 60 percent of total U.S. private payroll.
After considering the information, the statement that "they have generated 45 percent of net new jobs over the past 20 years" is the accurate one. This highlights the role of small businesses in job creation within the economy over a significant period. Small businesses are indeed vital in contributing to new job opportunities, making this statement correct.
