nsider the Production Function: Y=0.5√K√N a) Derive the steady-state levels of output per worker and  capital per worker in terms of the saving rate (s) and the  depreciation rate. b) Derive the equation for steady-state output per worker and  steady-state consumption per worker in terms of the saving  rate (s) and the depreciation rate. c) Suppose depreciation is 5% and savings rate is 10%.  Calculate the steady-state output per worker. d) Now suppose the savings rate increases to 20%. What is the  new steady-state output per worker

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Consider the Production Function: Y=0.5√K√N


a) Derive the steady-state levels of output per worker and 
capital per worker in terms of the saving rate (s) and the 
depreciation rate.
b) Derive the equation for steady-state output per worker and 
steady-state consumption per worker in terms of the saving 
rate (s) and the depreciation rate.
c) Suppose depreciation is 5% and savings rate is 10%. 
Calculate the steady-state output per worker.
d) Now suppose the savings rate increases to 20%. What is the 
new steady-state output per worker?

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