Question: a), b) and c) if u can do it, thank you. (c) What are the steady state values of physical capital, human capital, and output,

a), b) and c) if u can do it, thank you.

a), b) and c) if u can do it, thank you. (c)What are the steady state values of physical capital, human capital, and

(c) What are the steady state values of physical capital, human capital, and output, all in per unit of effective labour?Question 1: The Solow growth model with effective labour and human capital [40 Marks] Consider a simple growth model with population growth, labour-augmenting tech- nology growth, and human and physical capital. Suppose that the aggregate production function takes the following form: Y(O) = K()"H() [A(ON(1)]1 2 8. (1) where Y(t) denotes output, K(r) physical capital, and H(r) human capital. N (t) is labour, and A(t) denotes labour productivity. Note that A(t)N(t) is commonly referred as effect tive labour. Assume a > 0, f > 0 and a + #

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