Solved: Compute the ten-year growth rate forecast, Macroeconomics

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Compute the ten-year growth rate forecast

Question:

Employment (1000)
Occupation                    1998   2008
Bill Collectors    311   420
Computer engineers       299    622
Physicians assistants      66       98
Respiratory therapists 86      123
Systems analysts           617    1194

A. Use a spreadsheet, calculate the 10-year growth rate forecast using the constant growth model with annual compounding, and the constant growth model with continuous compounding for each occupation.

B. Compare your answers and discuss any differences.

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Macroeconomics: Compute the ten-year growth rate forecast

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