a) Write down the budget constraints in the record keeping equilibrium. b) Suppose in period t + 1 each young person gives away of Pet coconuts to old people no matter what. What is the only possible outcome in terms of consumption for young and old? Explain your answer. c) Suppose instead a contract can be written so that day= and, where @,are coconuts given away in youth in period t and Try is the conversion rate in period t + 1. Write down the lifetime budget constraint, explain how the conversion rate is determined and determine its value