Question
Suppose an economys real GDP is $ 3 0 , 0 0 0 in year 1 and $ 3 1 , 2 0 0 in
Suppose an economys real GDP is $ in year and $ in year What is the growth rate of its real GDP Assume that population is in year and in year What is the growth rate of real GDP per capita?Q Suppose that work hours in New Zombie are in year and productivity is $ per hour worked. What is New Zombies real GDP If work hours increase to in year and productivity rises to $ per hour, what is New Zombies rate of economic growth?Q Which of the following people is considered unemployed by the Bureau of Labour Statistics? Explain your answer in each case.a A housewife or househusband.b A college student who is not looking for work.c A college student who has just graduated and is looking for a job.d A person who was fired months ago and has been looking for a job ever since.e A person who was fired months ago and unsuccessfully looked for a job for month, but has not looked for a job recently.
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