Answer Happy

3. Productivity and growth policies 1 Consider a small island country whose only industry is printing. The following table shows information about the small economy in two different years. 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. Year 2016 2017 Physical Capital (Printing presses) 160 180 Based on your calculations, productivity from 2016 to 20 Labor Force Physical Capital per Worker (Workers) (Printing presses) 40 60 Labor Hours Output (Books) 14,400 23,400 Which of the following office 111 an increase Suppose you're in charge of a decrease conomic policy for this small island country. (Hours) 1,800 3,900 in physical capital per worker from 2016 to 2017 is associated with Labor Productivity (Books per hour of labor) in labor

3. Productivity and growth policies 1 Consider a small island country whose only industry is printing. The following table shows information about the small economy in two different years. 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 Year (Printing presses) 2016 2017 160 180 Based on your calculations, productivity from 2016 to 2017. Labor Force (Workers) 40 60 Physical Capital per Worker Labor Hours (Printing presses) (Hours) 1,800 3,900 in physical capital per worker from 2016 to 2017 is associated with Suppose you're in charge of establishing economic policy for this small island country. Output Labor Productivity (Books) (Books per hour of labor) 14,400 23,400 Which of the following policies would lead to greater producthulhu int an increase a decrease in labor

an increase 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 printing industry? Check all that apply. Encouraging saving by allowing workers to set aside a portion of their earnings in tax-free retirement accounts Imposing a tax on printing presses Subsidizing research and development into new printing technologies O Imposing restrictions on foreign ownership of domestic capital a decrease