3. Productivity and growth policies 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 labour productivity. Hint: Recall that productivity is dened 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 labour. Physical Capital Labour Force Physical Capital per Worker Labour Hours Output Labour Productivity Year (Printing presses) (Workers) (Printing presses) (Hours) (Books) (Books per hour of labour) 2015 40 20 1,000 6,000 2016 120 40 1,400 12,600 Based on your calculations, V in physical capital per worker from 2015 to 2016 is associated with v in labour productivity from 2015 to 2016. 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. 7 Offering free public education to every worker in the country 7 Imposing a tax on printing presses 3. Productivity and growth policies 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 labour productivity. Hint: Recall that productivity is dened 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 labour. Physical Capital Labour Force Physical Capital per Worker Labour Hours Output Labour Productivity Year (Printing presses) (Workers) (Printing presses) (Hours) (Books) (Books per hour of labour) 2015 40 20 1,000 6,000 2016 120 40 1,400 12,600 Based on your calculations, V in physical capital per worker from 2015 to 2016 is associated with v in labour productivity from 2015 to 2 a decrease ' an increase conomic policy for this small island country. Suppose you're in charge 0 Which of the following policies would lead to greater productivity in the printing industry? Check all that apply. 7 Offering free public education to every worker in the country 7 Imposing a tax on printing presses 3. Productivity and growth policies 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 labour productivity. Hint: Recall that productivity is dened 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 labour. Physical Capital Labour Force Physical Capital per Worker Labour Hours Output Labour Productivity Year (Printing presses) (Workers) (Printing presses) (Hours) (Books) (Books per hour of labour) 2015 40 20 1,000 6,000 2016 120 40 1,400 12,600 Based on your calculations, V in physical capital per worker from 2015 to 2016 is associated with v in labour productivity from 2015 to 2016. 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. 7 Offering free public education to every worker in the country 7 Imposing a tax on printing presses Complete the table by calculating physical capital per worker as well as labour productivity. Hint: Recall that productivity is dened 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 labour. Physical Capital Labour Force Physical Capital per Worker Labour Hours Output Labour Productivity Year (Printing presses) (Workers) (Printing presses) (Hours) (Books) (Books per hour of labour) 2015 40 20 1,000 6,000 2016 120 40 1,400 12,600 Based on your calculations, V in physical capital per worker from 2015 to 2016 is associated with V in labour productivity from 2015 to 2016. 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. 7 Offering free public education to every worker in the country 7 Imposing a tax on printing presses Imposing restrictions on foreign ownership of domestic capital Encouraging saving by allowing workers to set aside a portion of their earnings in tax-free retirement accounts ade It Now Save & Continue Continue without saving