Based on your calculations, in physical capital per worker from 2030 to 2031 is associated with in labor productivity from 2030 to 2031.

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.

Subsidizing research and development into new weaving technologies

Offering free public education to every worker in the country

Sharply increasing the interest rate on student loans to people pursuing advanced degrees in weaving

Encouraging saving by allowing workers to set aside a portion of their earnings in tax-free retirement accounts

3 . Productivity and growth policies 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 Physical Capital per Worker Labor Hours Output Labor Productivity Year (Looms) (Workers) ( Looms) (Hours) (Garments) (Garments per hour of labor) 2030 160 40 2,000 20,000 2031 180 60 3,900 29,250 Based on your calculations, in physical capital per worker from 2030 to 2031 is associated with in labor productivity from 2030 to 2031. 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. O Subsidizing research and development into new weaving technologies Offering free public education to every worker in the country O Sharply increasing the interest rate on student loans to people pursuing advanced degrees in weaving Encouraging saving by allowing workers to set aside a portion of their earnings in tax-free retirement accounts Grade It Now Save & Continue Continue without saving