In 2014,Mark opens up a new vehicle detailing business and creates six additional jobs in his company.If net employment growth in 2014 was 2 percent,what was a likely explanation for this?
A) the number of jobs created by new firms was less than jobs created in established firms in 2014
B) the number of jobs created by new firms was greater than jobs created in established firms in 2014
C) job creation was greater than job destruction in 2014
D) job creation was less than job destruction in 2014

Question

Quizplus · Accepted Answer

Net employment growth of 2 percent means that there was an increase in the number of jobs. Job creation was greater than job destruction, indicating that more jobs were created than lost. Therefore, option C is the best answer. Option A and B do not provide any indication about job creation and destruction, while option D suggests more jobs were lost than created, which is not consistent with the statement about net employment growth.

In 2014,Mark Opens Up a New Vehicle Detailing Business and Creates