Question

The Small Business Association (SBA) reports that small businesses create at least _____ percent of America's new jobs.

a.
30
b.
46
c.
64
d.
32
e.
82

Answer 1

Small businesses create a significant portion of new jobs, with slightly less than half of all workers in the U.S. economy being employed by large firms and another 35% by small-scale businesses.

Step-by-step explanation:

Slightly less than half of all the workers in private firms are at the 17,000 large firms, meaning they employ more than 500 workers. Another 35% of workers in the U.S. economy are at firms with fewer than 100 workers. These small-scale businesses include everything from dentists and lawyers to businesses that mow lawns or clean houses. Table 7.1 does not include a separate category for the millions of small “non-employer" businesses where a single owner or a few partners are not officially paid wages or a salary, but simply receive whatever they can earn.