Answer Happy

4. The catch-up effect Consider the economies of Blahnik and Tralfamadore, both of which produce gobs of goo using only tools and workers. Suppose that, during the course of 40 years, the level of physical capital per worker rises by 5 tools per worker in each economy, but the size of each labor force remains the same. Complete the following tables by entering productivity (in terms of output per worker) for each economy in 2023 and 2063. Blahnik Physical Capital Year (Tools per worker) 2023 11 2063 16 Year 2023 2063 Physical Capital (Tools per worker) 8 13 Labor Force (Workers) 30 30 Output (Gobs of goo) 1,800 2,160 Tralfamadore Labor Force (Workers) 30 30 Output (Gobs of goo) 900 1,620 Productivity (Gobs per worker) Productivity (Gobs per worker) Initially, the number of tools per worker was higher in Blahnik than in Tralfamadore. From 2023 to 2063, capital per worker rises by 5 units in each country. The 5-unit change in capital per worker causes productivity in Blahnik to rise by a amount than productivity in Tralfamadore. This illustrates the effect.

4. The catch-up effect Consider the economies of Blahnik and Tralfamadore, both of which produce gobs of goo using only tools and workers. Suppose that, during the course of 40 years, the level of physical capital per worker rises by 5 tools per worker in each economy, but the size of each labor force remains the same. Complete the following tables by entering productivity (in terms of output per worker) for each economy in 2023 and 2063. Physical Capital Year (Tools per worker) 2023 2063 Year 2023 2063 11 16 Initially, the numbe country. The 5-unit This illustrates the catch-up Blahnik Labor Force (Workers) 30 30 Physical Capital Labor Force (Tools p natural resources rkers) 30 30 human capital technology Output (Gobs of goo) 1,800 2,160 Tralfamadore Output (Gobs of goo) 900 1,620 Productivity (Gobs per worker) Productivity (Gobs per worker) was higher in Blahnik than in Tralfamadore. From 2023 to 2063, capital per worker rises by 5 units in each worker causes productivity in Blahnik to rise by a amount than productivity in Tralfamadore. effect.

4. The catch-up effect Consider the economies of Blahnik and Tralfamadore, both of which produce gobs of goo using only tools and workers. Suppose that, during the course of 40 years, the level of physical capital per worker rises by 5 tools per worker in each economy, but the size of each labor force remains the same. Complete the following tables by entering productivity (in terms of output per worker) for each economy in 2023 and 2063. Year 2023 2063 Year 2023 2063 Physical Capital (Tools per worker) 11 16 Physical Capital (Tools per worker) 8 13 Blahnik Labor Force (Workers) 30 30 Output (Gobs of goo) 1,800 2,160 Tralfamadore Labor Force (Workers) 30 30 Output (Gobs of goo) 900 1,620 Productivity (Gobs per worker) Productivity (Gobs per worker) Initially, the number of tools per worker was higher in Blahnik than in Tralfamadore. From country. The 5-unit change in capital per worker causes productivity in Blahnik to rise by a This illustrates the effect. larger smaller 163, capital per worker rises by 5 units in each amount than productivity in Tralfamadore.