Topic

New Jersey Industries

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Quizzes in New Jersey Industries

Which activities form part of New Jersey’s life-sciences cluster?

  • Only agricultural irrigation
  • Only highway paving
  • Only coastal recreation
  • Pharmaceutical production, biotechnology, and related research
Correct answer(s):
  • Pharmaceutical production, biotechnology, and related research

About how many people worked in New Jersey’s life-sciences cluster in 2024 according to state labor research?

  • 850,000
  • 850
  • 85,000
  • 8.5 million
Correct answer(s):
  • 85,000

Approximately how many life-sciences establishments did that report identify for New Jersey in 2024?

  • 24
  • 2,400
  • 24,000
  • 240,000
Correct answer(s):
  • 2,400

About how many workers did New Jersey manufacturing employ in 2024 in state labor research?

  • 253,000
  • 2.53 million
  • 25,300
  • 1,253
Correct answer(s):
  • 253,000

Approximately how many manufacturing establishments were reported in New Jersey in 2024?

  • 980
  • 980,000
  • 98
  • 9,800
Correct answer(s):
  • 9,800

Approximately how many people worked in New Jersey health care in 2024 according to the cited sector report?

  • 52,400
  • 5,240
  • 524,000
  • 5.24 million
Correct answer(s):
  • 524,000

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
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?

  • Intermediate inputs must not be counted repeatedly as new output
  • GDP counts only export prices
  • Sales and value added are identical by definition
  • Value added is always greater than every sales total
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?

  • Only manufacturing creates GDP
  • All industries have identical worker productivity
  • GDP never includes services
  • Industries vary in output per worker
Correct answer(s):
  • Industries vary in output per worker