Business, 27.11.2019 03:31, AHMIRBROWN123

Consider the economies of blahnik and gobbledigook, both of which produce gobs of goo using only tools and workers.

suppose that, during the course of 40 years, the level of physical capital per worker rises by 4 tools per worker in each economy, but the size of each labor force remains the same. complete the following tables by entering productivity (in terms of output per worker) for each economy in 2018 and 2058.blahnik: 2018/2058physical capital (tools per worker) 7/11labor force (workers) 30/30output (gobs of goo) 3000/3600productivity (gobs per worker)gobbledigookphysical capital (tools per worker) 4/8labor force (workers) 30/30output (gobs of goo) 2400/3600productivity (gobs per worker)initially, the number of tools per worker was higher in blahnik than in gobbledigook. from 2018 to 2058, capital per worker rises by 4 units in each country. the 4-unit change in capital per worker causes productivity in blahnik to rise by a amount than productivity in gobbledigook. this illustrates the concept of which makes it _ for countries with low output to catch up to those with higher output.

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Consider the economies of blahnik and gobbledigook, both of which produce gobs of goo using only too...