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 16% compared to the national average of 6%, and trade which has 23% compared to the national average of 14%. What is the economic base multiplier (EBM)? 2.33 270 3.23 2.94 2.50