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Standard sources http://www.census.gov/quickfacts/table/PST045215/080312. https:

ID: 1145768 • Letter: S

Question

Standard sources

http://www.census.gov/quickfacts/table/PST045215/080312.

https://en.wikipedia.org/wiki/Denver3.

http://www.city-data.com/city/Denver-Colorado.html

www.google.com

https://www.wunderground.com/history/airport/KDEN/2013/06/18/DailyHist ory.html7.

http://factfinder.census.gov/faces/nav/jsf/pages/community_facts.xhtml?src=b kmk

More perhaps that any other subject in economics, urban economics is about the environment in which we lead our daily lives. This problem set is unconventional in that it asks you to think quantitatively about a particular city, Denver. The exercise is aimed to give you experience at tracking down data on-line, and also at coming up with ballpark estimates. A quantitative answer will be judged correct if it is between one-half to double the correct value. For some of the questions, you can readily find the correct answer on- line; for others, the correct answer can be found on-line with a bit of detective work; for yet others, data are available at the country or state level, but not for the City itself (in which case, you should make an educated guess about how the Denver data would differ from the national or state data). But since you are not asked to come up with exact numbers, educated guesses should work for most questions. PLEASE WRITE YOUR ANSWERS ON THESE FOUR SHEETS.

According to the 2010 Census, the City of Denver had a population of 600,158, and an area of 155 mi2. The following questions ask you about other characteristics of the city in 2010.

What was the average expenditure per student in K-12 public education? _______ How does this compare to the national average? ________________________________________________________________ What was median household income? _____ What was the unemployment rate? _____ Is the crime rate in Denver higher or lower than the national average? ____

Explanation / Answer

What was the average expenditure per student in K-12 public education?

Answer-$8,000 to $9,999

How does this compare to the national average?

Answer-It was more or less equal to the national average

What was median household income   = $57622

What was the unemployment rate?

Answer- 7.8%

Is the crime rate in Denver higher or lower than the national average?

Answer-The overall crime rate in Denver is higher than the national average.

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