Macroeconomics 12th Edition by Rudiger Dornbusch ,Stanley Fischer,Richard Startz

Exercise 9

Go to http://research.stlouisfed.org/fred2 and download the data for the U.S. population and total employment in educational and health services over the last decade (2002-2012). To do so, click on "Categories," under "Population, Employment, Labor Markets," select "Population" for population data ("POP") and "Current Employment Statistics (Establishment Survey)" for educational and health services data ("USEHS"). Once you have downloaded the data into a spreadsheet, calculate the average growth rate of U.S. population and total employment in educational services in the last decade (2002-2012). Everything else being constant, what could you infer about the average quality of U.S. workers Would this have any implications on the perspectives for future growth in the United States