Question: QUESTION 1 The data shown in the following table highlights employment and population statistics for three MSAs and the nation. The Trade, Transportation, and Utilities

QUESTION 1

The data shown in the following table highlights employment and population statistics for three MSAs and the nation. The Trade, Transportation, and Utilities location quotient for the Miami MSA is

a. 1.16

b. 1.09

c. 1.11

d. 0.92

QUESTION 2

Using the location quotient method, calculate the number of basic employees in the Denver MSA Professional and Business Services area.

a. 19,851

b. 47,396

c. 18,881

d. 31,528

QUESTION 3

One advantage of the economic base multiplier is

a. the method does not recognize the impact of external growth factors

b. appropriate export data is not always well known, nor easily discovered, at the local or even region level

c. that over the short-run the method can provide significant validity to the real estate method decision-making process

d. the method focuses on only the exports portion of the demand side of the regional growth equation

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