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Zombie rate of economic growth

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Reference no: EM131217462

Suppose that work hours in New Zombie are 300 in year 1 and productivity is $16 per hour worked.

What is New Zombie's real GDP? $4,800

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?

Instructions: Round your answer to two decimal places.

Rate of growth =    %

Reference no: EM131217462

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