To estimate healthcare’s share of Florida GDP, what must an analyst obtain? » Graduate U.S. Economy MCQ » MCQ Academy

U.S. Economy

To estimate healthcare’s share of Florida GDP, what must an analyst obtain?

Healthcare employment divided by coastline length
Number of patients divided by county count
Hospital sales without intermediate costs adjustments
Comparable healthcare industry value added and total state GDP

Healthcare employment divided by coastline length
Number of patients divided by county count
Hospital sales without intermediate costs adjustments
Comparable healthcare industry value added and total state GDP

Note

Comparable healthcare industry value added and total state GDP is correct. The exact contribution of a specific Florida industry to GDP requires industry value-added data rather than employment shares.

Sound comparisons require consistent data vintages, boundaries, and definitions.

Tags: Florida Economy, Florida Facts

Note

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