Find the capital stock per worker in the steady state

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Reference no: EM13244329

Suppose a country has the following production function

Y=f(K,L)=K^1/2L^1/2

Its capital stock depreciates at 5%, its population grows at2.5% and its labor-augmentation technology increases at 2.5%

a.what is the per-worker production function?
b. Find the capital stock per worker in the steady state
c. find the golden rule savings rate

Reference no: EM13244329

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