Question: Consider a small island country whose only industry is pripting. The following table presents information about this small economy in two different years. Complete the
Consider a small island country whose only industry is pripting. The following table presents information about this small economy in two different years. Complete the tabie by calculating physical capital per worker and labor productivity. Hint: Recall that productivity is defined as the amount of goods and services a worker can produce per hour. tn this peoblem, measure productivity as the quantity of goods per hour of labor. Based on your calculations, in physical capital per worker from 2025 to 2026 is asseciated with in labor productivity from 2025 to 2026 . 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 printing industry? Check all that apply. Sharply increasing the interest rate on student loans to people pursuing advanced degrees in printing Imposing restrictions on foreign ownership of domestic capital Encouraging saving by allowing workers to set aside a portion of their earnings in tax-free retirement accounts Subsidizing research and development of new printing technologies
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