7 Perfect Population Projections Inc. (PPP) has entered into a contract with the city of Popular, Pennsylvania, to project the futurepopulation of the city. In recent years, Popular has become a desirable place to live and work, as indicated by the below table.Year201520162017201820192020TotalTotalBasicNonbasicPopulation Employment Employment Employment50,00053,00057,00065,00070,000?25,00026,50028,50032,50035,000?6,2506,6257,1258,1258,7509,000*18,75019,87521,37524,37526,250?*Estimated from surveys.Required:The contract states that PPP must project Popular's population for the year 2020 using an economic base analysis. The ratio ofpopulation to total employment is 2.0833. (Do not round intermediate calculations. Round your final answers to the nearest wholenumber.)Your help is needed!Total population using economic base analysisTotal employment using economic base analysisTotal Nonbasic employment using economic base analysisYear 2020

The expected or forecasted population for a certain future year is referred to as the projected…

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Total population using economic base analysis Total employment using economic base analysis Total Nonbasic employment using economic base analysis Year 2020

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Perfect Population Projections Inc. (PPP) has entered into a contract with the city of Popular, Pennsylvania, to project the future
population of the city. In recent years, Popular has become a desirable place to live and work, as indicated by the below table.
Year
2015
2016
2017
2018
2019
2020
Total
Total
Basic
Nonbasic
Population Employment Employment Employment
50,000
53,000
57,000
65,000
70,000
?
25,000
26,500
28,500
32,500
35,000
?
6,250
6,625
7,125
8,125
8,750
9,000*
18,750
19,875
21,375
24,375
26,250
?
*Estimated from surveys.
Required:
The contract states that PPP must project Popular's population for the year 2020 using an economic base analysis. The ratio of
population to total employment is 2.0833. (Do not round intermediate calculations. Round your final answers to the nearest whole
number.)
Your help is needed!
Total population using economic base analysis
Total employment using economic base analysis
Total Nonbasic employment using economic base analysis
Year 2020

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Step 4: Computing the non basic employment.

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