The U.S.Bureau of Labor Statistics defines high technology industries in terms of
A)total sales based on high technology production.
B)total assets in high technology equipment.
C)total profits from goods and services produced with the application of high-technology production.
D)the relative proportion of workers with college educations.
E)the relative proportion of technology-oriented workers and/or the relative expenditures on research and development.

Question

Quizplus · Accepted Answer

The U.S. Bureau of Labor Statistics defines high technology industries based on the relative proportion of technology-oriented workers and/or the relative expenditures on research and development. This aligns with the common understanding that high technology industries are those that heavily rely on technology and innovation to create new products or improve existing ones. Factors such as total sales, assets, or profits do not necessarily reflect the level of technology applied in production. Similarly, the education level of workers may be a contributing factor, but it does not capture the full spectrum of high technology industries.

The USBureau of Labor Statistics Defines High Technology Industries in Terms