Perfect Population Projections Incorporated (PPP) has entered into a contractwith the city of Popular, Pennsylvania, to project the future population of thecity. In recent years, Popular has become a desirable place to live and work, asindicated by the below table.Year201920202021202220232024TotalPopulation50,00053,00057,00065,00070,000?TotalEmployment25,00026,50028,50032,50035,000?BasicEmployment6,2506,6257,1258,1258,7509,000*NonbasicEmployment18,75019,87521,37524,37526, 250?*Estimated from surveys.Required:The contract states that PPP must project Popular's population for the year2024 using an economic base analysis. The ratio of population to totalemployment is 2.0833.Note: Do not round intermediate calculations. Round your final answers tothe nearest whole number.Your help is needed!Total population using economic base analysisTotal employment using economic base analysisTotal Nonbasic employment using economic base analysisYear 202075,000 X36,000 X27,000 X

The expected or forecasted population for a certain future year is referred to as the projected…

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.

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.

ENGR.ECONOMIC ANALYSIS

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ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

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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 recent years, Popular has become a desirable place to live and work, as
indicated by the below table.
Year
2019
2020
2021
2022
2023
2024
Total
Population
50,000
53,000
57,000
65,000
70,000
?
Total
Employment
25,000
26,500
28,500
32,500
35,000
?
Basic
Employment
6,250
6,625
7,125
8,125
8,750
9,000*
Nonbasic
Employment
18,750
19,875
21,375
24,375
26, 250
?
*Estimated from surveys.
Required:
The contract states that PPP must project Popular's 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.
Your help is needed!
Total population using economic base analysis
Total employment using economic base analysis
Total Nonbasic employment using economic base analysis
Year 2020
75,000 X
36,000 X
27,000 X

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Perfect Population Projections Inc. (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. Year 2015 2016 2017 2018 2019 2020 Total Total Basic Nonbasic Population Employment Employment Employment 50,000 53,000 57,000 65,000 70,000 ? 25,000 26,500 28,500 32,500 35,000 ? 6,250 6,625 7,125 8,125 8,750 9,000* 18,750 19,875 21,375 24,375 26,250 ? *Estimated from surveys. Required: The contract states that PPP must project Popular's population for the year 2020 using an economic base analysis. The ratio of population to total employment is 2.0833. (Do not round intermediate calculations. Round your final answers to the nearest whole number.) Your help is needed! Total population using economic base analysis Total employment using economic base analysis Total Nonbasic employment using economic base analysis Year 2020
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