Complete the table by calculating physical capital per worker as well as labor productivity Hint Recall that productivity is

Question

Complete the table by calculating physical capital per worker as well as labor productivity Hint Recall that productivity is defined as the amount of goods and services a worker can produce per hour In this problem measure productivity as the quantity of goods per hour of labor Physical Capital Labor Force Looms Workers 40 160 180 Year 2037 2038 Based on your calculations productivity from 2037 to 2038 60 Physical Capital per Worker Looms Labor Hours Hours 2 000 3 900 Output Labor Productivity Tapestries Tapestries per hour of labor 20 000 29 250 in physical capital per worker from 2037 to 2038 is associated with Suppose you re in charge of establishing economic policy for this small island country Which of the following policies would lead to greater productivity in the weaving industry Check all that apply Sharply increasing the interest rate on student loans to people pursuing advanced degrees in weaving Offering free public education to every worker in the country Subsidizing research and development into new weaving technologies Imposing a tax on looms in labor

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