Please give the solutions based on the question.

Consider the basic endogenous growth model studied in class. Suppose that output is produced according to Y(t) = A(t)(1 aL)L(t). New ideas are produced in this economy according to A = B[aLL(t)]7A(t)9, B > 0,7 2 0. Labor evolves according to L(t) : nL(t). (a) (5 marks) Characterize the growth rate of knowledge (gr/1(0) as a function of existing knowledge (A). Labor (L). and the structural parameters (B,aL,1,6). (b) (6 marks) Find an expression for the growth rate of the growth rate of knowledge (ma) /gA(t)). Assuming that 6