What is the unincorporated self-employment rate in the construction and resource extraction field?

• A. 7.2%
• B. 29.5%
• C. 14.8%
• D. 4.0%

Answer: (C)

This question tests our understanding of what the unincorporated self-employment rate represents in a given industry. The unincorporated self-employment rate is the share of self-employed workers in a field who operate their business as unincorporated entities (like sole proprietorships or partnerships) rather than as incorporated businesses.

In construction and resource extraction, many small contractors and independent workers run their businesses without forming corporations, so a noticeable portion operate unincorporated. The data for this field shows a rate of 14.8%, which means that about one in seven self-employed workers there are unincorporated. This matches the given value, making it the best choice.

The other percentages don’t align with the field’s reported data.