Using an appropriate example, explain the purpose and importance of using the Location Quotient (LQ) technique in assessing the state of the regional economy Evaluate and justify the LQ values for each economic sector between District and State j, as shown in Table 1 below:

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Using an appropriate example, explain the purpose and importance of using the
Location Quotient (LQ) technique in assessing the state of the regional economy.
Evaluate and justify the LQ values for each economic sector between District i
and State j, as shown in Table 1 below:
Economic Sector
Services
Manufacturing
Total Employment
National Employment
in
Industry I in Year T
Total National
Employment
in Year T
Table 1: Location Quotient for District i and State j
Employment Number (000¹) LQ 2030 Categorization LQ 2020
District i
State j
2030
2020 2030
2020 2030
39
44
97
115
62
115
140
106
212 255
Location
Quotient
45
84
=
Regional Employment
in
Industry I in Year T
Total Regional
Employment
in Year T
?
?
1
?
?
?
?
Categoriza
2020
?
?
Transcribed Image Text:Using an appropriate example, explain the purpose and importance of using the Location Quotient (LQ) technique in assessing the state of the regional economy. Evaluate and justify the LQ values for each economic sector between District i and State j, as shown in Table 1 below: Economic Sector Services Manufacturing Total Employment National Employment in Industry I in Year T Total National Employment in Year T Table 1: Location Quotient for District i and State j Employment Number (000¹) LQ 2030 Categorization LQ 2020 District i State j 2030 2020 2030 2020 2030 39 44 97 115 62 115 140 106 212 255 Location Quotient 45 84 = Regional Employment in Industry I in Year T Total Regional Employment in Year T ? ? 1 ? ? ? ? Categoriza 2020 ? ?
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