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Aggregate economic output grows by 5% per year.Capital supply grows at 2% per year and labor supply grows at 4% per year. Capital and labor
Aggregate economic output grows by 5% per year.Capital supply grows at 2% per year and labor supply grows at 4% per year. Capital and labor have equal factor shares.What is the growth rate of total factor productivity
Total factor productivity grows by 1% per year.Capital supply grows at 5% per year and labor supply grows at 3% per year. Capital and labor have equal factor shares.What is the growth rate of aggregate economic output?
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