I need a typed answer as well as soon . Only typed answer by keyboard needed . Solve urgent please I will surely give a helpful rating for your answer if you solve fast and correctly.

3. (2 points) If you were asked to add a depreciation rate of capital ( o ) to the Harrod-Domar growth model, how would you adjust the final growth rate of income equation? Note that in a presence of depreciation of capital, Capital Accumulation = Investment - Depreciation, which could be expressed as AK = / - 6 . K, where o stands for depreciation rate. Use the following ratio as a starting point: = r. Substitute for those things that you can (note that / = $ = s . Y ), then rearrange identity, so that growth rate is one hand side (" ) and everything else is on the other hand side. Show all steps explicitly