Question: The table provides some data on the U.S. economy in 1990 and 1991. a. Calculate the growth rate of real GDP in 1991. b. Calculate
The table provides some data on the U.S. economy in 1990 and 1991.
a. Calculate the growth rate of real GDP in 1991.
b. Calculate labor productivity in 1990 and 1991.
c. Calculate the growth rate of labor productivity in 1991.
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tem 1990 203.4 200.4 6,684 1991 Aggregate hours (billions) Real GDP (billions of 1996 dollars) 6,669
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a Growth rate of real GDP in 1991 6669 billion 6684 billion 6684 billion 100 02 percent The answer s... View full answer
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