Which comparison correctly describes manufacturing and health care output? » HSC U.S. Economy MCQ » MCQ Academy

U.S. Economy

Which comparison correctly describes manufacturing and health care output?

Both produce only physical cars
Manufacturing produces goods, while health care largely provides services
Health care can never count toward GDP
Neither generates value added

Both produce only physical cars
Manufacturing produces goods, while health care largely provides services
Health care can never count toward GDP
Neither generates value added

Note

Manufacturing produces physical goods while services such as health care and finance generate different kinds of economic output.

Manufacturers create tangible products, while many health-care businesses deliver services such as diagnosis and treatment. National accounts include both kinds of production in GDP. GDP includes service value added even when no physical good changes hands.

Tags: New Jersey Facts, New Jersey Industries

Note

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