Which of the following is true about economic output in China today?
A) The state sector accounts for about 70 percent of output.
B) The state and private sectors each account for about 50 percent of output.
C) The private sector accounts for about 70 percent of output.
D) The private sector is virtually nonexistent in China.
E) The state sector is virtually nonexistent in China.
Answer: C) The private sector accounts for about 70 percent of output.