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3. Productivity and growth policies Consider a small island country whose only industry is fishing. The following table shows information about 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 (Fishing poles) Labor Hours (Hours) 3,300 3,500 Output (Fish) 23,100 49,000 Labor Productivity (Fish per hour of labor) Year (Fishing poles) (Workers) 2027 2028 120 60 400 100 Based on your calculations productivity from 2027 to 2 in physical capital per worker from 2027 to 2028 is associated with in labor an increase Suppose youre in charge of a decrease conomic policy for this small island country.

Based on your calculations, productivity from 2027 to 2028. in physical capital per worker from 2027 to 2028 is associated with Suppose youre in charge of establishing economic policy for this small island country Which of the following policies would lead to greater productivity in the fishing industry? Check all that apply. Imposing restrictions on foreign ownership of domestic capital Subsidizing research and development into new fishing technologies sharply increasing the interest rate on student loans to people pursuing advanced degrees in fishing Offering free public education to everý worker in the country Grade It Now

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2026] 120160ニ2 1231 o/330 49,000 3,500 26 2 714001 too. 4 n920

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