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 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 Year (Looms) (Workers) Physical Capital per Worker (Looms) Labor Hours (Hours) 2028 300 100 2029 480 120 4,000 4,200 Output (Garments) 36,000 50,400 Labor Productivity (Garments per hour of labor) Based on your calculations, productivity from 2028 to 2029. in physical capital per worker from 2028 to 2029 is associated with 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. a decrease an increase in labor Imposing restrictions on foreign ownership of domestic capital Imposing a tax on looms Sharply increasing the interest rate on student loans to people pursuing advanced degrees in weaving Offering free public education to every worker in the country