Question
Perfect Population Projections Incorporated (PPP) has entered into a contract with the city of Popular, Pennsylvania, to project the future population of the city. In
Perfect Population Projections Incorporated (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.
YearTotal PopulationTotal EmploymentBasic EmploymentNonbasic Employment201950,00025,0006,25018,750202053,00026,5006,62519,875202157,00028,5007,12521,375202265,00032,5008,12524,375202370,00035,0008,75026,2502024?question mark?question mark9,000*?question mark*Estimated from surveys.
Required:
The contract states that PPP must project Populars population for the year 2024 using an economic base analysis. The ratio of population to total employment is 2.0833.
Note: Do not round intermediate calculations. Round your final answers to the nearest whole number.
Total population using economic base analysis:
Total employment using economic base analysis:
Total nonbasic employment using economic base analysis:
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