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Suppose that a hypothetical economy called New Zombie has 10 workers in year 1, each working 2000 hours per year (50 weeks at 40 hours per week) and the labour productivity (average real output per worker-hour) is $10 per hour.
a) What is the real GDP in year 1?
b) If worker-hours rise by 1 percent and labour productivity rises to $10.40 per hour in year 2, what is New Zombie's rate of economic growth for the year 2?
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the number of the world-wide wireless phone subscribers will soon reach the 1 billion mark. In the U.S. alone, the number of wireless subscribers is projected to grow by almost 17 million subscribers per year for the next five years.
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One of the most common tasks that a programmer has to do is keep track of a list of elements. The array is used to store a list within a program and to allow easy access to any element in the list. An array is a collection of variables of the sa..
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