題組內容

4. An economic has the per-worker production function 611ca6da19ea5.jpg where yt is output per worker and kt is the capital-labor ratio. The depreciation rate is 0.1, and the population growth rate is 0.05. Suppose saving rate is 0.3,

(a) what are the steady-state values of the capital-labor ratio, output per worker, and consumption per worker?