Consider the economies of Sporon and Gobbledigook, both of which produce gaggles of gop using only tools and workers. Suppose that, during the course of 20 years, the level of physical capital per worker rises by 3 tools per worker in each economy, but the size of each labor force remains th same. Complete the following tables by entering productivity (in terms of output per worker) for each economy in 2022 and 2042. Sporon Productivity Physical Capital (Tools per worker) Labor Force Output (Workers) (Gaggles of gop) (Gaggles per worker) Year 2022 10 50 3,000 2042 13 50 3,600 Gobbledigook Output Productivity Physical Capital (Tools per worker) Labor Force (Workers) (Gaggles of gop) (Gaggles per worker) Year 50 4,000 2022 13 50 4,300
Consider the economies of Sporon and Gobbledigook, both of which produce gaggles of gop using only tools and workers. Suppose that, during the course of 20 years, the level of physical capital per worker rises by 3 tools per worker in each economy, but the size of each labor force remains th same. Complete the following tables by entering productivity (in terms of output per worker) for each economy in 2022 and 2042. Sporon Productivity Physical Capital (Tools per worker) Labor Force Output (Workers) (Gaggles of gop) (Gaggles per worker) Year 2022 10 50 3,000 2042 13 50 3,600 Gobbledigook Output Productivity Physical Capital (Tools per worker) Labor Force (Workers) (Gaggles of gop) (Gaggles per worker) Year 50 4,000 2022 13 50 4,300
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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![Consider the economies of Sporon and Gobbledigook, both of which produce gaggles of gop using only tools and workers. Suppose that, during the
course of 20 years, the level of physical capital per worker rises by 3 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 2022 and 2042.
Sporon
Productivity
(Gaggles per worker)
Physical Capital
Output
(Gaggles of gop)
Labor Force
Year
(Tools per worker)
(Workers)
2022
10
50
3,000
2042
13
50
3,600
Gobbledigook
Labor Force
Output
Productivity
Physical Capital
(Tools per worker)
(Workers)
(Gaggles of gop) (Gaggles per worker)
Year
50
4,000
2022
13
50
4,300
2042
16](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fcb5d0483-a5bf-42b6-96b9-07ecbb6ed2f1%2F9669d5ad-57e8-476c-96c2-8e51973fc876%2Fk96ib7v_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Consider the economies of Sporon and Gobbledigook, both of which produce gaggles of gop using only tools and workers. Suppose that, during the
course of 20 years, the level of physical capital per worker rises by 3 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 2022 and 2042.
Sporon
Productivity
(Gaggles per worker)
Physical Capital
Output
(Gaggles of gop)
Labor Force
Year
(Tools per worker)
(Workers)
2022
10
50
3,000
2042
13
50
3,600
Gobbledigook
Labor Force
Output
Productivity
Physical Capital
(Tools per worker)
(Workers)
(Gaggles of gop) (Gaggles per worker)
Year
50
4,000
2022
13
50
4,300
2042
16
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