3. Productivity and growth policies Consider a small island country whose only industry is weaving. 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 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 labour. Physical Labour Physical Capital per Labour Capital Force Worker Hours Output Labour Productivity (Looms) (Workers) (Looms) (Hours) (Garments) ( Garments per hour of Year labour) 2011 300 100 5,000 45,000 2012 480 120 4,200 50,400 Based on your calculations, in physical capital per worker from 2011 to 2012 is associated with in labour productivity from 2011 to 2012. 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. C] Imposing restrictions on foreign ownership of domestic capital C] Encouraging saving by allowing workers to set aside a portion of their earnings in taxfree retirement accounts l:l Offering free public education to every worker in the country C] Imposing a tax on looms