Small businesses account for a tiny fraction of businesses In the U.S. economy. a. True b. False

## Step 1<br />The problem statement is a statement about the proportion of small businesses in the U.S. economy. The task is to determine whether this statement is true or false.<br />## Step 2<br />According to the U.S. Small Business Administration, small businesses make up 99.9% of all U.S. businesses. This means that the statement that small businesses account for a tiny fraction of businesses in the U.S. economy is false.<br />## Step 3<br />Small businesses are defined as those with fewer than 500 employees. This includes a wide range of businesses, from local corner stores to large corporations. Therefore, the statement that small businesses account for a tiny fraction of businesses in the U.S. economy is not accurate.