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Suppose that work hours in New Zombie are 300 in year 1 and productivity is $16 per hour worked. Instructions: In part a , enter
Suppose that work hours in New Zombie are 300 in year 1 and productivity is $16 per hour worked.
Instructions:In parta, enter your answer as a whole number. In partb, 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 $18 per hour, what is New Zombie's rate of economic growth?
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