Question: (a) [5 marks) By deriving the per-worker production function y = k/ for output per worker y = Y/N and the equation k' - k

(a) [5 marks) By deriving the per-worker production function y = k/ for output per worker y = Y/N and the equation k' - k = sxk/) - dk for accumulation of capital per worker k = K/N. show that the steady-state levels of capital per worker and output per worker are: k = (s/d)1/ and y = (s/d) /

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