Smiths bike shop rents bikes for $10
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Given that <span>work hours in new zombie are 200 in year 1 and productivity is $8
per hour worked.
The new zombie's real gdp in year 1 is given by 200 x $8 = $1,600
If work hours increase to 210 in year 2 and productivity rises to $10 per hour.
The new zombie's real gdp in year 2 is given by 210 x $10 = $2,100
The new zombie's rate of economic growth is given by
</span>
The new zombie's real gdp in year 1 is given by 200 x $8 = $1,600
If work hours increase to 210 in year 2 and productivity rises to $10 per hour.
The new zombie's real gdp in year 2 is given by 210 x $10 = $2,100
The new zombie's rate of economic growth is given by