Business, 18.03.2021 23:30 Jasten

Suppose that work hours in New Zombie are 300 in year 1, and productivity is $18 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 320 in year 2 and productivity rises to $20 per hour, what is New Zombie’s rate of economic growth?
%

Answers: 1

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Suppose that work hours in New Zombie are 300 in year 1, and productivity is $18 per hour worked. I...