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Business, 28.03.2021 02:10 miguelelmenor910

Suppose that work hours in New Zombie are 200 in year 1, and productivity is $8 per hour worked. Instructions: In part a, enter your answer as a whole number. In part b, round your answer to 2 decimal places.

a. What is New Zombie’s real GDP?

$

b. If work hours increase to 210 in year 2 and productivity rises to $10 per hour, what is New Zombie’s rate of economic growth?

percent

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Answers: 1

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Suppose that work hours in New Zombie are 200 in year 1, and productivity is $8 per hour worked. In...
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