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. year physical capital labor force physical capital per worker labor hours output labor productivity (looms) (workers) (looms) (hours) (garments) (garments per hour of labor) 2024 160 40 1,800 14,400 2025 180 60 3,900 23,400
Answers: 2
History, 21.07.2019 22:00, Kimb6863
Answers: 1
Mathematics, 26.08.2019 22:30, Chuchee4604
Answers: 2
Biology, 16.09.2019 09:10, brapmaster764
Answers: 1
Social Studies, 08.10.2019 05:10, lukeperry
Answers: 2
Consider a small island country whose only industry is weaving. the following table shows informatio...
Computers and Technology, 06.10.2020 14:01
Chemistry, 06.10.2020 14:01
Chemistry, 06.10.2020 14:01
History, 06.10.2020 14:01
Biology, 06.10.2020 14:01
Geography, 06.10.2020 14:01