Suppose that work hours in New Zombie are 200 inyear 1 and productivity is $12 per hour worked.Instructions: In part a, enter your answer as a wholenumber. In part b, round your answer to 2 decimalplaces.a. What is New Zombie's real GDP? $b. If work hours increase to 210 in year 2 andproductivity rises to $14 per hour, what is NewZombie's rate of economic growth? percent

As it is given New zombie work hour =200 ( year) productivity per hour =$ 12

Suppose that work hours in New Zombie are 200 in year 1 and productivity is $12 per hour worked. nstructions: In part a, enter your answer as a whole number. In part b, round your answer to 2 decimal places. 1. What is New Zombie's real GDP? $ D. If work hours increase to 210 in year 2 and productivity rises to $14 per hour, what is New Combie's rate of economic growth? percent

Suppose that work hours in New Zombie are 200 in year 1 and productivity is $12 per hour worked. nstructions: In part a, enter your answer as a whole number. In part b, round your answer to 2 decimal places. 1. What is New Zombie's real GDP? $ D. If work hours increase to 210 in year 2 and productivity rises to $14 per hour, what is New Combie's rate of economic growth? percent

MACROECONOMICS

14th Edition

ISBN:9781337794985

Author:Baumol

Publisher:Baumol

Chapter6: How Statisticians Measure Inflation

Section: Chapter Questions

Problem 1TY

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17) Suppose that work hours in New Zombie are 200 in year 1 and productivity is $14 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 $16 per hour, what is New Zombie’s rate of economic growth?
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