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Answer :
Final answer:
The value of physical capital per worker, also known as the capital-labor ratio, is a measure of the amount and quality of machinery and equipment available to assist a worker in producing goods or services. A higher value of physical capital per worker generally indicates greater productivity and efficiency. For example, if the physical capital per worker increases, workers have access to more advanced tools, technology, and equipment, which can lead to increased production and higher output.
Explanation:
The value of physical capital per worker, also known as the capital-labor ratio, is a measure of the amount and quality of machinery and equipment available to assist a worker in producing goods or services.
A higher value of physical capital per worker generally indicates greater productivity and efficiency.
For example, if the physical capital per worker increases, workers have access to more advanced tools, technology, and equipment, which can lead to increased production and higher output.
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