Your consulting firm has been hired by an important European-based multinational conglomerate, 'GKY Group'. The Group has required assistance for designing its long-term global strategy.

The CEO, Mr. Lundberg, is particularly interested in understanding the long-term growth potential of the U.S. economy. Mr. Lundberg has asked your firm to give a short document including tables and diagrams - on the growth perspectives (5 to 10 years) for the U.S.

Can choose between two approaches:

1. You can make your own projections using the growth accounting approach, making sure to carefully discuss your assumptions and argue with the underlying conditions for growth.

2. Alternatively, you can discuss existing projections. For this approach you need to compare and contrast at least two different long-term projections