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Problem 2. Suppose Output, Labor, and Capital in year 0 and 1 are follows: Output Labor Capital Year 0 100 100 100 Year 1 103

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Problem 2. Suppose Output, Labor, and Capital in year 0 and 1 are follows: Output Labor Capital Year 0 100 100 100 Year 1 103 102 100 1 point each: a. What was the rate of labor productivity growth? b. What was the rate of capital productivity growth? c. In the labor share is 0.7 and the capital share in 0.3, what is the rate of total factor productivity growth? d. What share of output growth is due to total factor productivity

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