Over the past year,productivity grew 1%,capital grew 0%,and labor grew 5%.If the elasticities of output with respect to capital and labor are 0.4 and 0.6,respectively,how much did output grow?
A)1%
B)2%
C)3%
D)4%

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The Answer of Over the past year,productivity grew 1%,capital grew 0%,and labor grew 5%.If the elasticities of output with respect to capital and labor are 0.4 and 0.6,respectively,how much did output grow?
A)1%
B)2%
C)3%
D)4%

Over the Past Year,productivity Grew 1%,capital Grew 0%,and Labor Grew