Final answer:
Small and medium-sized enterprises (SMEs) make up the majority of U.S. exporters, often cited at around or over 95%, which is higher than all provided options. The U.S. exports 14% of its GDP, indicating lower reliance on international markets compared to Germany, which exports 50% of its GDP.
Step-by-step explanation:
Percentage of U.S. Exporters that are Small and Medium-sized Enterprises (SMEs)
According to the Exporter Data Base, small and medium-sized enterprises (SMEs) account for a significant portion of all U.S. exporters. While the provided options do not include the exact percentage from the Exporter Data Base, it is commonly acknowledged that SMEs represent a substantial majority of U.S. exporters, often cited at around or over 95% of the total number of U.S. exporters. Therefore, of the options provided, the closest choice would be 75%, but it is important to note that this figure is lower than the more frequently acknowledged figures, which suggest an even higher percentage.
Understanding Export to GDP Ratio
The ratio of a country's exports to its GDP provides insight into the country's economic engagement with international markets. When referring to the statement that the United States exports 14% of its GDP, it indicates that a relatively small portion of the U.S. economy is dependent on exports. In contrast, Germany, which exports about 50% of its GDP, is much more reliant on export markets for its economic output. The differences in these percentages reflect the scale of each country's internal market and its participation in the global economy.