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Over the past year, output grew -0.01, capital grew 0.02, and labor grew 0.02. If the elasticities of output with respect to capital and labor
Over the past year, output grew -0.01, capital grew 0.02, and labor grew 0.02. If the elasticities of output with respect to capital and labor are 0.3 and 0.7, respectively, how much did productivity grow (approximately)? Give your answer as a decimal with 3 decimal places.
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