Help please Visit https://www.bea.gov to answer the following questions. Go to I
ID: 1162806 • Letter: H
Question
Help please Visit https://www.bea.gov to answer the following questions. Go to Interactive Data (one of the tabs on the top)->GDP & Personal Income-> Begin using the data->Section 6-Income and Employment by Industry >Table 6.3D. Wages and Salaries by Industry (A). 3. a. What is the growth rate in Wages and salaries (row 1) from 2012 to 2016? Choose two industries of your choice (possibly, industries you might be interested to join upon graduation). For each of those industries, find the growth rate in wages and salaries from 2012 to 2016. c. 1. Industry 1 2. Industry 2:Explanation / Answer
Answer
a)
CAGR = (present/past)^1/n - 1
= (8,085,242 / 6,930,265)^(1/4) - 1 =1.0392 - 1 = 0.0392
= 3.92%
c) Industries selected by me are
Machinery and computer and electronic Product
Industry 1
Machinery - Growth Rate in Wages and salaries are
CAGR = (73666/71963)^(1/4) - 1 = 0.0058 = 0.58%
Industry 2
Computer and electronic Product - Growth Rate in Wages and salaries are
CAGR = (120893/110145)^(1/4) - 1 = 0.0235 = 2.35%
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