question 1 Suppose that work hours in New Zombie are 200 in year 1 and productivity is $8 per hour worked. What is New Zombie’s real GDP? 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?

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Chapter17: Economic Growth: Resources, Technology, Ideas And Institutions
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question 1

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

What is New Zombie’s real GDP?

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?

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