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0 Home Page - Tarrant County College a Homework (Ch 12) ng.cengage.com CQ TCC Jhoel v My Home Courses Catalog and Study Tools Rental Options College Success Tips Career Success Tips Help Give Feedback MindTap - Cengage Learning Q Dashboard Search this course CENGAGE I MINDTAP Homework (Ch 12) 3. Productivity and growth policies Consider a hypothetical small island nation in which the only industry is cloud computing. 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. A-Z Physical Capital per Worker (Servers) Year 2032 2033 Physical Capital (Servers) 300 480 Labor Force (Workers) 100 120 Labor Hours (Hours) 4,200 Output (TB of data storage) 36,000 50,400 Labor Productivity (TB of data storage per hour of labor) in labor Based on your calculations, productivity from 2032 to 2033. in physical capital per worker from 2032 to 2033 is associated with 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 cloud computing industry? Check all that apply. n n n n Subsidizing research and development into new cloud computing technologies Encouraging saving by allowing workers to set aside a portion of their earnings in tax-free retirement accounts Offering free public education to every worker in the country Sharply increasing the interest rate on student loans to people pursuing advanced degrees in cloud computing