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A company has experienced the following changes in sales, labor, and capital. Calculate the total productivity percentage improvement from year 1 to year 2. Does

A company has experienced the following changes in sales, labor, and capital. Calculate the total productivity percentage improvement from year 1 to year 2. Does the total productivity measure make more sense in this problem, since both labor and capital have been used? (Enter your answer as a percentage. Do not enter the negative sign or % sign. Round your answer to two decimal places.) Year 1 Year 2 Annual Inflation Output (sales) $million $ 103.4 $ 108.4 2% Labor (payroll) $million $ 19.6 $ 22.4 3% Capital $ 60.2 $ 61.0 1%

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