About how many people worked in New Jersey’s life-sciences cluster in 2024 according to state labor research?
Correct answer(s):
- 85,000
Topic
New Jersey Facts
Practice related MCQ quizzes and improve step by step.
Practice by Education Level
Quizzes in New Jersey Facts
Why can New Jersey specialty-crop farms benefit from nearby northeastern cities?
Correct answer(s):
- Quick access to large markets for perishable produce
Approximately how many life-sciences establishments did that report identify for New Jersey in 2024?
Correct answer(s):
- 2,400
What is economic diversification?
Correct answer(s):
- Having several industries with different responses to shocks
About how many workers did New Jersey manufacturing employ in 2024 in state labor research?
Correct answer(s):
- 253,000
Why is New Jersey state GDP different from New York metropolitan GDP?
Correct answer(s):
- The geographic boundaries of the measures differ
Approximately how many manufacturing establishments were reported in New Jersey in 2024?
Correct answer(s):
- 9,800
Approximately how many people worked in New Jersey health care in 2024 according to the cited sector report?
Correct answer(s):
- 524,000
Which comparison correctly describes manufacturing and health care output?
Correct answer(s):
- Manufacturing produces goods, while health care largely provides services
Why is manufacturing value added different from the total sales of manufactured products?
Correct answer(s):
- Intermediate inputs must not be counted repeatedly as new output
Why might New Jersey’s largest-employment industry not be its largest-GDP industry?
Correct answer(s):
- Industries vary in output per worker
Which activities commonly gain from busy New Jersey seaports?
Correct answer(s):
- Freight handling, trucking, rail transport, storage, and services
What happens in an intermodal freight network?
Correct answer(s):
- Goods transfer among ships, trains, and trucks
What does a five-year ACS income estimate use?
Correct answer(s):
- Survey data pooled across multiple years
Why can air cargo and seaports both be useful in one regional economy?
Correct answer(s):
- They suit different cargo urgency, costs, and shipment types
How should a monthly employment estimate be reported?
Correct answer(s):
- With its month and whether preliminary or revised
Why can New Jersey residents’ earnings differ from output produced inside the state?
Correct answer(s):
- Some residents work in New York or Pennsylvania
What does nonfarm payroll employment count?
Correct answer(s):
- Jobs reported on nonfarm employers' payrolls
What is one economic benefit of dense regional markets and transport links?
Correct answer(s):
- Easier matching of firms, workers, suppliers, and customers
How is the unemployment rate calculated?
Correct answer(s):
- Unemployed labor-force participants divided by the civilian labor force