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Assume a Cobb-Douglas production function where the share of labour is 0.7 and the share of capital is 0.3. If there is no technological progress,

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Assume a Cobb-Douglas production function where the share of labour is 0.7 and the share of capital is 0.3. If there is no technological progress, capital grows at 1.5%, and labour does not grow at all, what is the growth rate of output? Multiple Choice

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