Business Economics Quiz

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Questions and Answers

Which sector of the economy does the business sector belong to?

  • Non-profit sector
  • Public sector
  • Government sector
  • Private sector (correct)

What percentage of the value of GDP did the business sector account for in the United States as of 2000?

  • 78% (correct)
  • 60%
  • 50%
  • 40%

Which countries had business sectors accounting for less than 40% of GDP as of 2015?

  • United States and Kuwait
  • Kuwait and China
  • United States and Tuvalu
  • Kuwait and Tuvalu (correct)

What is the difference between the private sector and the business sector?

<p>The private sector includes all non-government activity, while the business sector only includes business that operate for profit. (A)</p> Signup and view all the answers

In systems of state capitalism, where does much of the business sector form part of?

<p>Public sector (D)</p> Signup and view all the answers

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