Question: Consider a Solow model with no technological progress or population growth, s=0.5, =0.05, = , MPK= 0.5/. Find the following : a. Steady state capital

Consider a Solow model with no technological progress or population growth, s=0.5, =0.05, = , MPK= 0.5/. Find the following : a. Steady state capital per worker= ______. b. Steady state output per worker=______. c. Steady state consumption per worker=_____.

d. Steady state investment per worker= ______. e. Golden rule capital per worker level= ______.

Please show the calculation. Thank you!

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