Econ 212 Problems (1) List and describe four determinants of productivity. (2) Y/L Y/L= AF (1, K/L, H/L, N/L) (Y/L)o 0 (K/L)o K/L a. Consider the productivity curve for Cape Despair shown in the diagram. Suppose its capital per worker ratio is at (K/L)o and its output per worker is (Y/L)o. Due to research and development activities the economy experiences technological advances. Use the diagram to show the effect on output per worker. (3) Y/L Y/L= AF (1, K/L, H/L, N/L) 0 K/L a. Consider the productivity curve above and use it to explain and illustrate the catch-up effect. Let the countries be a developed country like the UK and a developing country like Angola. END