please help me with this question... Consider a small island country whose only

Question

please help me with this question...

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 following table by calculating physical capital per worker as well as labor productivity. (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.) Based on your calculation, in physical capital per worker from 2025 to 2026 is associated with in labor productivity from 2025 to 2026. Suppose you're in charge of establishing economic policy for the small island country. Which of the following policies would lead to greater productivity in the weaving industry? Imposing restrictions on foreign ownership of domestic capital Offering free public education to every worker in the country Subsidizing research and development into new weaving technologies Investing in combating mainutrition and promoting nutrition in the labor force

Explanation / Answer

physical capital per worker in 2025- 60/40=1.5 looms/worker

in 2026-80/40=2 looms/year

labour productivity =output/labour hour

=7500/6000=1.25 garment per hour in 2025

=12000/6000=2 garment per hour in 2026

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