Assume that the Indonesian economy can be reflected in the production function: Y = FIK,L) = K 0$L 05. Assume that the depreciation rate is 8%, the saving rate is 20%, and the population growth is 2%. There is no technological progress. a. Using the Solow growth model, calculate the steady state value of: (1) capital per labor, (ii) income per labor, (ii) consumption per labor. o. Calculate the golden rule level of capital per labor.

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