Assume that you are analyzing a city with total population of 182,000 persons and total employment of 54,000 jobs. Using the location quotient method, you have identified 3 industries with basic employment. These include manufacturing which has 25% compared to the national average of 7%. construction which has 18% compared to the national average of 6%, and trade which has 24% compared to the national average of 14%. What is the economic base multiplier (EBM)? O2.33 O2.70 O 3.23 O2.94 O 2.50

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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Assume that you are analyzing a city with total population of 182,000 persons and total employment of
54,000 jobs. Using the location quotient method, you have identified 3 industries with basic
employment. These include manufacturing which has 25% compared to the national average of 7%.
construction which has 18% compared to the national average of 6%, and trade which has 24%
compared to the national average of 14%. What is the economic base multiplier (EBM)?
O2.33
O2.70
O 3.23
O2.94
O 2.50
Transcribed Image Text:Assume that you are analyzing a city with total population of 182,000 persons and total employment of 54,000 jobs. Using the location quotient method, you have identified 3 industries with basic employment. These include manufacturing which has 25% compared to the national average of 7%. construction which has 18% compared to the national average of 6%, and trade which has 24% compared to the national average of 14%. What is the economic base multiplier (EBM)? O2.33 O2.70 O 3.23 O2.94 O 2.50
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