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Suppose that work hours in New Zombie are 300 in year 1 and productivity is $14 per hour worked. What is New Zombie's real GDP? _____$

If work hours increase to 320 in year 2 and productivity rises to $16 per hour, what is New Zombie's rate of economic growth?

Rate of growth =_____ %

Macroeconomics, Economics

  • Category:- Macroeconomics
  • Reference No.:- M9467773

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