Use the Information in the Following Table to Answer the Subsequent

question 15

Multiple Choice

Use the information in the following table to answer the subsequent questions:
$\begin{array}{|l|c|c|}\hline \underline{ Industry } & \frac{\text { Local }}{\underline{ Employment }} & \frac{\text { National }}{\underline{ Employment }} \\\\\hline \text { State \& Federal Government } & 50,000 & 10,000,000 \\\hline \text { Legal Services } & 13,000 & 2,000,000 \\\hline \begin{array}{l}\text { Computer Manufacturing \& } \\\text { Repair }\end{array} & 4,000 & 2,500,000 \\\hline \text { Total All Employment } & 200,000& 120,000,000 \\\hline\end{array}$
-In most American cities, improvement in transport and telecommunications technology transport cost reduction) tends to:

• A) Increase land values throughout the metropolitan area.
• B) Decrease land values throughout the metropolitan area.
• C) Leave land values unchanged throughout the metropolitan area.
• D) Decease land values in central locations and increase land values around the expanding periphery.

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Definitions:

Future Value

The value of a current asset at a specified date in the future based on an assumed rate of growth over time.

Contract Rate

The agreed-upon price or interest rate outlined in a contract for services or loans.

Installment Notes

A form of debt that requires the borrower to make scheduled periodic payments of principal and interest over a set period until the debt is paid off.

Interest

The cost of borrowing money or the return earned on an investment, typically expressed as an annual percentage of the principal.