12. which choice most effectively uses data from the table to complete the comparison? the nearly forty…

12. which choice most effectively uses data from the table to complete the comparison? the nearly forty tribes located in oklahoma, including the chickasaw nation and the quapaw tribe, operate numerous businesses, employ tens of thousands of people, and generate billions of dollars in revenue. a student in an economics class is researching the tribes collective activity as a single industry. the student wants to compare that industrys role in oklahoma in 2017 with the roles of other industries in the state. looking at a table with information about three industries, the student finds that compared with the other two industries, tribal economic activity — a. ranked highest in all three economic measures listed in the table. b. employed the same number of people as construction. c. made the lowest total contribution by industry. d. made the highest average economic contribution per employee. industry impact of three key industries on oklahoma economy in 2017 construction professional services tribal economic activity industry approximate total contribution by industry $6,797,300,000 $7,694,000,000 $7,312,400,000 number of people employed by industry 77,247 69,846 51,674 average contribution per employee by industry $87,994 $110,157 $141,510

12. which choice most effectively uses data from the table to complete the comparison? the nearly forty tribes located in oklahoma, including the chickasaw nation and the quapaw tribe, operate numerous businesses, employ tens of thousands of people, and generate billions of dollars in revenue. a student in an economics class is researching the tribes collective activity as a single industry. the student wants to compare that industrys role in oklahoma in 2017 with the roles of other industries in the state. looking at a table with information about three industries, the student finds that compared with the other two industries, tribal economic activity — a. ranked highest in all three economic measures listed in the table. b. employed the same number of people as construction. c. made the lowest total contribution by industry. d. made the highest average economic contribution per employee. industry impact of three key industries on oklahoma economy in 2017 construction professional services tribal economic activity industry approximate total contribution by industry $6,797,300,000 $7,694,000,000 $7,312,400,000 number of people employed by industry 77,247 69,846 51,674 average contribution per employee by industry $87,994 $110,157 $141,510

Answer

Explanation:

Step1: Recall the formula for average contribution per employee

Average contribution per employee = Total contribution / Number of people employed

Step2: Calculate average contribution for Tribal economic activity

For Tribal economic activity, total contribution is $7,694,000,000 and number of people employed is 69,846. Average = $\frac{7694000000}{69846}\approx110157$

Step3: Calculate average contribution for Professional services

For Professional services, total contribution is $7,312,400,000 and number of people employed is 51,674. Average = $\frac{7312400000}{51674}\approx141510$

Step4: Calculate average contribution for Construction

For Construction, total contribution is $6,797,300,000 and number of people employed is 77,247. Average = $\frac{6797300000}{77247}\approx87994$

Step5: Compare the averages

We have average contributions: Tribal economic activity - $110,157$, Professional services - $141,510$, Construction - $87,994$. Professional services has the highest average economic contribution per employee.

Answer:

D. made the highest average economic contribution per employee.