If the shares of income to capital and labor are 02 and 08
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Over the past year, productivity grew 2%, capital grew 1%, and labor grew 1%. If the shares of income to capital and labor are 0.2 and 0.8, respectively, how much did output grow?
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please answer step by step thanksover the past year productivity grew 2 capital grew 1 and labor grew 1 if the shares
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