Only #2 and #3 please - Use #1 as reference for info. Thank you.

Output per capita is described by the production function f(k)=Ak, where k denotes the capital-labor ratio. The saving rate is =0.4, the population growth rate is n=0.05, and the depreciation rate is d=0.1. Also, let A=1 and =0.3, and assume that there is no TFP growth. 2. Using information from problem 1, suppose TFP grew by 2%. What is the percentage growth rate of the steady-state capital-labor ratio? Provide your answer in percentages (i.e., 2\% instead of 0.02 ) and do not type the percentage sign (i.e., type " 2 " instead of " 2% "). Approximate your answer to three decimal points. 3. Using information from problem 1, suppose TFP grew by 2%. What is the steady-state output per worker? Approximate your answer to three decimal points. Output per capita is described by the production function f(k)=Ak, where k denotes the capital-labor ratio. The saving rate is =0.4, the population growth rate is n=0.05, and the depreciation rate is d=0.1. Also, let A=1 and =0.3, and assume that there is no TFP growth. 2. Using information from problem 1, suppose TFP grew by 2%. What is the percentage growth rate of the steady-state capital-labor ratio? Provide your answer in percentages (i.e., 2\% instead of 0.02 ) and do not type the percentage sign (i.e., type " 2 " instead of " 2% "). Approximate your answer to three decimal points. 3. Using information from problem 1, suppose TFP grew by 2%. What is the steady-state output per worker? Approximate your answer to three decimal points