Question: Consider the following Solow growth model. Production function: F(K,N) = zK 0.4 N 0.6 Population growth rate: n = 0.1 Savings rate: s = 0.3

Consider the following Solow growth model.

Production function: F(K,N) = zK0.4N 0.6

Population growth rate: n = 0.1

Savings rate: s = 0.3

Depreciation rate: d = 0.1

Total Factor Productivity: z = 2

Find the steady state per person saving ?

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