Which one of the four categories or quadrants does Charlotte fall into? High mobility, low growthHigh mobility, high growthLow mobility, high growthLow mobility, low growt Upward Mobility vs. Job Growth in the 30 Largest Metro AreasSan JoseAverage Income at Age 35 of Childrenwho Grew up in Low-Income Families$38K$34K-$30K-$26k-High mobility,low growthPittsburghPhiladelphiaClevelandSan FranciscoBostonLow mobilitylow growthNew YorkLos AngelesChicagoSt. LouisDetroincinnati BaltimoreMinneapolisSan DiegoSacramentoWashington●MiamiKansas CityPortlaouston●TampaDenver●RiversideDallasCharlotteJob Growth Rate (55) from 1990-2010High mobility,high growthSan AntonioPhoenixAtlantaLow mobility,high growth60

In the given diagram we can notice that:if job growth rate > 25% then we call it 'High Growth',…

Answered: Which one of the four categories or…

Which one of the four categories or quadrants does Charlotte fall into? High mobility, low growth High mobility, high growth Low mobility, high growth Low mobility, low growt

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

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Concept explainers

Economic Growth

It means the rise in the manufacturing levels of a country’s products/services over a while. It is calculated in terms of the real income of the people of the country. When the production of products/services begins, the manufacturers will hire employees, which in turn raises the income of the people and it will also raise the buying power, this eventually leads to the circulation of money that directly helps in the increase in the Gross Domestic Product (GDP). Thus, GDP is calculated by economists to calculate the growth in the country.

Question

Which one of the four categories or quadrants does Charlotte fall into?

High mobility, low growth

High mobility, high growth

Low mobility, high growth

Low mobility, low growt

Upward Mobility vs. Job Growth in the 30 Largest Metro Areas
San Jose
Average Income at Age 35 of Children
who Grew up in Low-Income Families
$38K
$34K-
$30K-
$26k-
High mobility,
low growth
Pittsburgh
Philadelphia
Cleveland
San Francisco
Boston
Low mobility
low growth
New York
Los Angeles
Chicago
St. Louis
Detroincinnati Baltimore
Minneapolis
San Diego
Sacramento
Washington
●Miami
Kansas City
Portlaouston
●Tampa
Denver
●Riverside
Dallas
Charlotte
Job Growth Rate (55) from 1990-2010
High mobility,
high growth
San Antonio
Phoenix
Atlanta
Low mobility,
high growth
60

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