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Complete the table by calculating physical capital per worker as well as labor productivity. Hint: Recall that productivity is defined as the amount of goods
Complete the table by calculating physical capital per worker as well as labor 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 labor. Physical Capital Labor Force Physical Capital per Worker Labor Hours Output Labor Productivity Year (Fishing poles) (Workers) (Fishing poles) (Hours) (Fish) (Fish per hour of labor) 2025 300 100 5,000 45,000 2026 480 120 4,200 50,400 Based on your calculations, V in physical capital per worker from 2025 to 2026 is associated with v in labor a decrease productivity from 2025 to 2026. Suppose you're in charge of establishing economic policy for this small island country. an increase Which of the following policies would lead to increased productivity in the fishing industry? Check all that apply. C] Imposing restrictions on foreign ownership of domestic capital C] Sharply increasing the interest rate on student loans to people pursuing advanced degrees in fishing C] Subsidizing research and development into new fishing technologies C] Offering free public education to every worker in the country
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