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Federal Reserve Bank of Boston Economic Quiz
Population Migration and Housing
1. According to a census report in April 2006, 42,402 Massachusetts residents have moved to other states each year, on average, between 2000 and 2004. This results in an annual rate of 6.6 per 1,000 residents. How many other states had a higher rate of population out-migration during this time?
A) 0
B) 1
C) 2
D) 3
E) 4
2. During the same time period, an average of 41,851 people moved out of the Boston metropolitan area each year, for a 9.5 rate per 1,000 residents. This was the third-highest rate among the 25 largest metropolitan areas. Which metropolitan area below had a higher rate of out-migration?
A) Detroit
B) Baltimore
C) Cleveland
D) Pittsburgh
E) None of the above
3. Among the 25 largest metro areas, which had the highest rate of domestic in-migration between 2000 and 2004?
A) Riverside-San Bernardino (California)
B) Phoenix
C) Tampa
D) Dallas
E) Houston
4. Despite losing residents to other states, by about how much did house prices grow in Massachusetts between 2000 and 2004?
A) 25%
B) 35%
C) 45%
D) 55%
E) 65%
5. By about how much did house prices grow nationwide between 2000 and 2004?
A) 15%
B) 25%
C) 35%
D) 45%
E) 55%
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Economic quiz written by: Nelson Gerew - June 2006