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

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Suppose that work hours in New Zombie are 200 in year 1 and productivity is $8. What is New Zombie’s real GDP? If work hours increase to 210 in year 2 and productivity rises to $10, what is New Zombie’s rate of economic growth?

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Economics

ISBN: 9780073336947

17th Edition

Authors: Campbell McConnell , Stanley Brue

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