Question: Please answer the first part Suppose that in the steady state. consumption per worker takes the following form: C s (1 - s) N 6

Please answer the first part

Please answer the first part Suppose that in the steady state. consumption

Suppose that in the steady state. consumption per worker takes the following form: C s (1 - s) N 6 " where C is consumption. 5 is the saving rate, and 5 is the depreciation rate. . What would be the steady-state level of consumption per worker if s = 0.70 and 6 = 0.05? 5\" The shady-state level of consumption per worker is [:1 (Round your response to two decimal places.) - Given the information above, would a policy to promote increases in private saving lead to an increase in consumption per worker in the long run? 0 A. No. the economy is beyond its golden-rule level of capital per worker so any increase in saving will cause lower consumption per worker in the long run. 0 B. Yes. the economy is beyond its golden-rule level of capital per worker so any increase in saving will cause L!_L______A_A_A1!,, 7,7,,,,J,77'7l

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