Suppose that work hours in new zombie are 300 in year 1 and productivity is $10 per hour worked. what is new zombie’s real gdp? $ if work hours increase to 320 in year 2 and productivity rises to $12 per hour, what is new zombie’s rate of economic growth? instructions: round your answer to two decimal places. rate of growth = %

Rate of economic growth = 28%

Explanation:

In year 1,

Work hours in New Zombie = 300

Productivity = $10 per hour worked

Real GDP in the given year = Productivity × Work hours

                                             = $10 × 300

                                             = $3,000

In year 2,

Work hours in New Zombie = 320

Productivity = $12 per hour worked

Real GDP in the given year = Productivity × Work hours

                                             = $12 × 320

                                             = $3,840

Rate of economic growth =

                                          =  

                                          = 28%

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