ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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during the course of 20 years, the level of physical capital per worker rises by 5 tools per worker in each economy, but the size of each labor force
remains the same.
Bronscript
Complete the following tables by entering productivity (in terms of output per worker) for each economy in 2020 and 2040.
Physical Capital
Year (Tools per worker)
2020
18
2040
23
Year
2020
2040
Physical Capital
(Tools per worker)
15
20
Hestiatia
Labor Force
(Workers)
60
60
Labor Force
(Workers)
60
60
Output
(Crates of copia)
3,600
4,320
Pelheim
Output
(Crates of copia)
1,800
3,240
Productivity
(Crates per worker)
Productivity
(Crates per worker)
Initially, the number of tools per worker was higher in Hestiatia than in Pelheim. From 2020 to 2040, capital per worker rises by 5 units in each
country. The 5-unit change in capital per worker causes productivity in Hestiatia to rise by a
amount than productivity in Pelheim. This
illustrates the
effect.
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Transcribed Image Text:during the course of 20 years, the level of physical capital per worker rises by 5 tools per worker in each economy, but the size of each labor force remains the same. Bronscript Complete the following tables by entering productivity (in terms of output per worker) for each economy in 2020 and 2040. Physical Capital Year (Tools per worker) 2020 18 2040 23 Year 2020 2040 Physical Capital (Tools per worker) 15 20 Hestiatia Labor Force (Workers) 60 60 Labor Force (Workers) 60 60 Output (Crates of copia) 3,600 4,320 Pelheim Output (Crates of copia) 1,800 3,240 Productivity (Crates per worker) Productivity (Crates per worker) Initially, the number of tools per worker was higher in Hestiatia than in Pelheim. From 2020 to 2040, capital per worker rises by 5 units in each country. The 5-unit change in capital per worker causes productivity in Hestiatia to rise by a amount than productivity in Pelheim. This illustrates the effect.
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