Question

For the economy as a whole, what percentage of firms revenue is spent on advertising?

a. 1 percent
b. 2 percent
c. 4 percent
d. 6 percent
e. 10 percent

Answer 1

Approximately 1% of firms' revenue is spent on advertising for the economy as a whole.

Step-by-step explanation:

The question is asking about the percentage of firms' revenue that is spent on advertising for the economy as a whole. According to the information provided, the U.S. economy spent about $180.12 billion on advertising in 2014. This amount accounts for roughly 1% of the overall economy.