Given the following production function and the information below

Y= K1/4

Y is output

K is capital

? = 10%; ? delta is the depreciation

s = 20% ; s is the savings rate

1. Find an expression for output per unit of Labor where Labor is N
2. Find the steady Capital per worker ration
3. Find the steady state Output per worker
4. Find the Steady state Consumption level per worker
5. Steady State Investment level per worker

PRE TEST 2 OF 1 2020.pdf X BE Blanchard, Olivier - Macroe X on Chapter_11_acirc_ _Se X BE Blanchard, Olivier - Macroe X setup.vodafone.com X + X O File | C:/Users/Admin/Desktop/TEST%20%202%20OF%201%202020.pdf . . . 4 of 5 + A Read aloud Draw V Erase QUESTION 1 (15 Marks) Given the following production function and the information below it Y = K /4 Y is output K is capital 6 = 10%; 8 delta is the depreciation s = 20% ; s is the savings rate 1.1 Write an expression for Output per unit of Labour where Labour is N (1 mark) 1.2 Find the steady Capital per worker ration. (5 marks) 1.3 Find the steady state Output per worker (3 marks) 1.4 Find the Steady state Consumption level per worker (3 marks) 1.5 Steady State Investment level per worker (3 marks) Activate Windows Go to Settings to activate Windows. Type here to search O 56 @- MO - W W ENG 9:04 PM 2020/08/25