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0 ng'cengagetcom a: C [B + Terah V '2. CENGAGE | MINDTAP My Home Aplia Assignment Ch 12 3. The catch-up effect Courses Consider the
0 ng'cengagetcom a: C [B + Terah V '2. CENGAGE | MINDTAP My Home Aplia Assignment Ch 12 3. The catch-up effect Courses Consider the hypothetical economies of Hestiatia and Pelheim, both of which produce cases of argo using only workers and tools. Suppose that, during Catalog and Study Tools the course of 50 years, the level of physical capital per worker rises by 4 tools per worker in each economy, but the size of each labor force remains ' the sa me. Rental Options . College Success Tips Career Success TIPS Complete the following tables by entering productivity (in terms of output per worker) for each economy in 2024 and 2074. RECOMMENDED FOR YOU Hestiatia Physical Capital Labor Force Output Productivity Year (Tools per worker) (Workers) (Cases of argo) (Cases per worker) 2024 18 60 6,000 2074 22 60 7,200 As You Begin a Test . Pelheim Physical Capital Labor Force Output Productivity 9 Help Year ( Tools per worker) (Workers) (Cases of argo) (Cases per worker) 2024 15 60 4,800 E] Give Feedback 2074 19 60 7,200 Initially, the number of tools per worker was higher in Hestiatia than in Pelheim. From 2024 to 2074, capital per worker rises by 4 units in each country. The 4unit change in capital per worker causes productivity in Hestiatia to rise by a v amount than productivity in Pelheim. This Save & Continue Continue without saving illustrates the V effect
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