Using the data provided, compute the location quotient for each industry in King County, Washington.

HW:4 FIN437 REAL ESTATE DEVELOPMENT
King County, WA
United States

2016
2016
Agriculture, forestry, fishing and hunting
3,055
916,300
Mining, quarrying, and oil and gas extraction
2,476
1,416,500
Utilities
1,557
605,300
Construction
84,999
10,096,300
Manufacturing
111,454
13,103,700
Wholesale trade
72,408
6,935,800
Retail trade
161,916
19,390,100
Transportation and warehousing
70,436
7,169,400
Information
102,763
3,357,900
Finance and insurance
70,930
9,871,600
Real estate and rental and leasing
86,959
8,983,500
Professional, scientific, and technical services
180,099
13,712,200
Management of companies and enterprises
33,309
2,499,300
Administrative and support and waste management and remediation services
86,565
11,877,800
Educational services
40,044
4,716,600
Health care and social assistance
168,317
21,944,300
Arts, entertainment, and recreation
46,878
4,323,300
Accommodation and food services
117,856
14,415,800
Other services
81,422
11,388,700
Federal government civilian
20,340
2,852,000
Military
7,345
1,927,000
State and local government
157,642
19,521,000

A. Using the data provided, compute the location quotient for each industry in King County, Washington.
B. Compute the basic employment for each industry as follows:
If LQ < 1 then the basic employment is 0 If LQ >1 then the basic employment = [(LQ-1)/LQ] x Industry Employment in 2016
C. What industries are the most important for this local economy?
D. Calculate the employment multiplier for this local economy.View keyboard shortcuts

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