Respuesta :
Answer: 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 = [tex]\frac{Real\ GDP\ in\ year\ 2 - Real\ GDP\ in\ year\ 1}{Real\ GDP\ in\ year\ 1} \times100[/tex]
= [tex]\frac{3,840 - 3,000}{3,000}\times100[/tex]
= 28%
