Consider a small island country whose only industry is fishing. 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 (Fishing poles) (Workers) (Fishing poles) (Hours) (Fish) (Fish per hour of labour) Based on your calculations, '7 in physical capital per worker from 2011 to 2012 is associated with 'V' 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 shing industry? Check all that apply. Cl Offering free public education to every worker in the country D Sharply increasing the interest rate on student loans to people pursuing advanced degrees in shing CI Imposing restrictions on foreign ownership of domestic capital D Subsidizing research and development into new shing technologies