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Question 10 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
Question 10 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)? O2.33 O 2.70 O 3.23 O 2.94 10 pts O 2.50
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