Aulgoment Directions Guideliory: (if applicable) Show your complete steps for the numerical questions, . Essay questions must be answered briefly but comprehensively. Questions: Problem 1: PERIOD QUANTITY QUANTITY TOTAL MEASURED OF LABOR OF CAPITAL OUTPUT LABOR (HOURS (UNITS) (UNITS) PRODUCTIVITY 1 50 10 630 50 130 Using the table above, compute the measured labor productivity and fill in the empty cells (show your step ocalculation. What can you say about the returns to capital? (5 marks) ANSWER: Problem ?: Assume OVI, Bank opens its doors to depositors and receives $100,000 in cash deposits. Assume furthermore that the bank has to abide by a 20%% reserve ratio. Could this bank make a loan in the amount of $90,000? Show your steps and explain why. (2 marks) ANSWER: Problem 3: The growth rate of real GDP in Bahrain rises from 4 314 to 4.4%%. Explain and calculate how this increase in the growth rate of real GDP affects the number of years it will take for real GDP to double. (3 marks) ANSWER: GOOD LUCK! ALL THE BEST