Suppose that work hours in a country are 200 in year 1 and productivity is $8 per hour worked. What is the real GDP of t
Posted: Sun May 29, 2022 8:44 pm
Suppose that work hours in a country are 200 in year 1 and productivity is $8 per hour worked. What is the real GDP of that country in year 1? If the work hours increase to 210, and the productivity increases to $ 10 per hour in year 2, what will be the real GDP in year 2?