Question

Since 2002, the share of women owning their own business increased by what percent?

a. 10
b. 20
c. 38
d. 50

Answer 1

Since 2002,the share of women owning their own business increased by c. 38 percent

Step-by-step explanation:

Since 2002, the share of women owning their own business has increased by 38 percent. This percentage represents a significant growth in women entrepreneurship over the specified time period.

To calculate the percentage increase, use the formula:

`\[ \text{Percentage Increase} = \left( \frac{\text{New Value - Old Value}}{\text{Old Value}} \right) * 100 \]`

Let's assume the share of women owning their own business in 2002 was 100 (as a baseline), and the new value in a later year is 138. Applying the formula:

`\[ \text{Percentage Increase} = \left( (138 - 100)/(100) \right) * 100 = 38\% \]`

Therefore, the correct answer is c. 38 percent. This indicates the substantial growth in women entrepreneurship since 2002. The explanation provides a clear understanding of how the percentage increase is calculated based on the initial and final values, emphasizing the significant upward trend in women-owned businesses over the given period.