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The Republic of Ostralya has experienced a 5 percent increase in output this year, a 2 percent rise in its capital stock and a 3

The Republic of Ostralya has experienced a 5 percent increase in output this year, a 2 percent rise in its capital stock and a 3 percent increase in total hours worked. Assuming a Cobb-Douglas production function where capital income accounts for 30 percent of GDP, calculate how much output growth is explained by capital accumulation, labour and total factor productivity.

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