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The labor force grows at 5.6% and capital stock grows 6.8%. Suppose 25% of national income goes to labor and 75% goes to capital. The

The labor force grows at 5.6% and capital stock grows 6.8%. Suppose 25% of national income goes to labor and 75% goes to capital. The productivity factor is 7%.

What is the growth rate of output?

Answer with two decimal places.

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