3. If the production function is given by y=k;"3 where y; where y; is the output per worker and kt is the capital per worker. Suppose that the saving rate (s) equals the depreciation rate (8) plus...

Extracted text: 3. If the production function is given by y=k;"3 where y; where y; is the output per worker and kt is the capital per worker. Suppose that the saving rate (s) equals the depreciation rate (8) plus 0.4. 1/3 Find the steady state capital, output, investment, and consumption? Hint: all steady state values are functions of either (s) or (8)