Consider a hypothetical small island nation in which the only industry is cloud computing. The following table displays information about the economy over a two year period. 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 Labor Capital Force (Servers) (Workers) Physical Capital per Worker (Servers) Labor Hours (Hours) Year Output (TB of data storage) Labor Productivity (TB of data storage per hour of labor) 2042 400 100 2043 240 120 4,000 7,800 32,000 31,200 Based on your calculations, productivity from 2042 to 2043. in physical capital per worker from 2042 to 2043 is associated with Suppose you're in charge of establishing economic policy for this small island country. Which of the following policies would lead to greater productivity in the cloud computing industry? Check all that apply. Subsidizing research and development into new cloud computing technologies Encouraging saving by allowing workers to set aside a portion of their earnings in tax-free retirement accounts in labor

Consider a hypothetical small island nation in which the only industry is cloud computing. The following table displays information about the economy over a two year period. 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 Labor Capital Force (Servers) (Workers) Physical Capital per Worker (Servers) Labor Hours (Hours) Year Output (TB of data storage) Labor Productivity (TB of data storage per hour of labor) 2042 400 100 2043 240 120 4,000 7,800 32,000 31,200 Based on your calculations, productivity from 2042 to 2043. in physical capital per worker from 2042 to 2043 is associated with Suppose you're in charge of establishing economic policy for this small island country. Which of the following policies would lead to greater productivity in the cloud computing industry? Check all that apply. Subsidizing research and development into new cloud computing technologies Encouraging saving by allowing workers to set aside a portion of their earnings in tax-free retirement accounts in labor

Economics:

10th Edition

ISBN:9781285859460

Author:BOYES, William

Publisher:BOYES, William

Chapter16: Economic Growth

Section: Chapter Questions

Problem 14E

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