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The current consensus forecast among private sector economists is that the labour force will grow over the next year by 2.6 percent and that growth
The current consensus forecast among private sector economists is that the labour force will grow over the next year by 2.6 percent and that growth in the capital stock plus improvements in technology will raise labour productivity by 1.2 percent.
What growth in the economy's full employment output will they predict based on this information?
Keep as much precision as possible during your calculations. Your final answer should be accurate to at least two decimal places.
Full employment output growth =0%
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