1. Using the production function given as below, try to finish the table and find the steady state capital per capita (k) at two saving rates (Saving 1 and 2). Also, plot the investment (saving) curve and the capital depreciation curve. Then label the two steady state k* graphically. The production function is specified as below, capital depreciation ratio = 0.25. y= f(k) 2k(1/2); here y is output per capita; k is capital stock per capita. Capital stock (k) 1 Output y-f(k) Depreciation & Saving 1-sf(k) s-0.25 or 25% Saving 2=sf(k) -0.5 or 50% 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 Note: The following table presents various values of capital stock (k) and 8-0.25. Note: the attached spreadsheet is the same as the table below. You can use either one to finish the following parts. Keep your answers as 2-digit decimals. (1) Fill in the table for the values of output per capita f(k), depreciation and savings (investment) per capita with two different saving rates as given. (2) To plot capital depreciate line and investment (saving) curves with two saving rate. You can use the spreadsheet attached to make graphs. (3) Highlight the steady state k with different colors in the table for two saving rates