Consider the production function Y = (AK^ L° ). Suppose both saving rate (s) and the depreciation rate (8) are equal to 0.10. Further, suppose that the number of workers grows at 3% per year (n...

Extracted text: Consider the production function Y = (AK^ L° ). Suppose both saving rate (s) and the depreciation rate (8) are equal to 0.10. Further, suppose that the number of workers grows at 3% per year (n technological progress is 7% per year (a = 0.07). Further assume that the population growth is equal to the labour force growth 0.03) and the rate of %3D Find the steady-state values of. a- the capital stock per effective worker. b- output per effective worker c- the growth rate of output per effective worker d- the growth rate of output per worker e- Draw a diagram and show all your results in a diagram.