Suppose there is a simple hypothetical economy:r in which the only.r industry is cloud computing. In the cloud computing eld, productivitythe amount of goods and services a worker can produce per houris measured by the number of lines of code one programmer authors per hour. In the foiiowing table, seiect the appropriate productivity determinant that represents each exampi'e. Human Capital Natural Resources Physical Capital Technological Examples per Worker per Worker per Worker Knowledge An autocomplete plugin that allows programmers . . O O O O to write code more rapidly \"he server hardware on which data is stored O O O 0 "he additional education workers receive from . . O O O 0 new computer science course offerings "he rare earth metals that serve as inputs to . O O O O production of computers Consider a hypothetical small island nation in which the only industry is weaving. The following table displays information about the economy over a two year period. Complete the table 0 y catculatfng ,su'wsr'csvI capital per worker as well as labor 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 labor. Physical Capital Labor Force Physical Capital per Worker Labor Hours Output Labor Productivity Year (Looms) ( Workers} (Looms) (Hours) ( Tapestries) ( Tapestries per hour of labor) 2031 300 100 \\:| 5,000 45,000 \\:l 2032 400 120 \\:| 4,200 50,400 \\:l Based on your calculations, V in physical capital per worker from 2031 to 2032 is associated with V in labor a decrease productivity from 2031 to 2 Suppose you're in charge 0' an increase conomic policy for this small island country. Which of the following policies would lead to greater productivity in the weaving industry? Check all that apply. Cl Encouraging saving by allowing workers to set aside a portion oftheir earnings in taxfree retirement accounts D Imposing a tax on looms D Sharply increasing the interest rate on student loans to people pursuing advanced degrees in weaving Cl Subsidizing research and development into new weaving technologies Consider a hypothetical small island nation in which the only industry is weaving. The following table displays information about the economy over a two year period. 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 (Looms) (Workers) (Looms) (Hours) (Tapestries) (Tapestries per hour of labor) 2031 300 100 5,000 45,000 2032 480 120 4,200 50,400 Based on your calculations, in physical capital per worker from 2031 to 2032 is associated with in labor productivity from 2031 to 2032. an increase Suppose you're in charge of establishing economic policy for this small island country. a decrease Which of the following policies would lead to greater productivity in the weaving industry? Check all that apply. O Encouraging saving by allowing workers to set aside a portion of their earnings in tax-free retirement accounts O Imposing a tax on looms Sharply increasing the interest rate on student loans to people pursuing advanced degrees in weaving O Subsidizing research and development into new weaving technologies