The table provides some data on the U.S. economy in 2000 and 2001. a. Calculate the growth
Question:
a. Calculate the growth rate of real GDP in 2001.
b. Calculate labor productivity in 2000 and 2001.
c. Calculate the growth rate of labor productivity in 2001.
Transcribed Image Text:
Item 2000 240.6 238.8 9,19 2001 Aggregate hours (billions) Real GDP (billions of 998 dollars 9,215
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a Growth rate of real GDP in 2001 9215 billion 9191 billion 9191 billion 100 03 percen...View the full answer
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