Question: Assistance with homework question please Attempts Keep the Highest / 3 4. The catch-up effect Consider the economies of Blahnik and Gribinez, both of which

Assistance with homework question please

Attempts Keep the Highest / 3 4. The catch-up effect Consider the economies of Blahnik and Gribinez, both of which produce glops of gloop using only tools and workers. Suppose that, during the course of 30 years, the level of physical capital per worker rises by 5 tools per worker in each economy, but the size of each labor force remains the same. Complete the following tables by entering productivity (in terms of output per worker) for each economy in 2017 and 2047. Blahnik Physical Capital Labor Force Output Productivity Year (Tools per worker) (Workers) (Glops of gloop) (Glops per worker) 2017 11 30 1,800 2047 16 30 2,160 Gribinez Physical Capital Labor Force Output Productivity Year (Tools per worker) (Workers) (Glops of gloop) (Glops per worker) 2017 8 30 900 2047 13 30 1,620 Initially, the number of tools per worker was higher in Blahnik than in Gribinez. From 2017 to 2047, capital per worker rises by 5 units in each country. The 5-unit change in capital per worker causes productivity in Blahnik to rise by a amount than productivity in Gribinez. This illustrates the effect. estmt_2020-12-16.pdf estmt 2021-01-14
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