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1] Suppose Solow's produetion function is given as H = EHfLII'\" and assume that or = %: [25 marks] a] Find the steady state level of output fl") using the equations below. [It] marks} as.\" = It 3K, {1} Li = I {s} U: + I: = K (3) I, = s}; (4] h} Express the steady state level of output in per worker [per eapita} terms {if} Eitplotn the eoonmnie mooning of the steady state output per worker. {5 marks] e} Using Solow's diagram show one! eerie-in what happens to the steady state output per worker when there is a decrease in the depreciation rate. [It] marks} 2] Consider the following Homer's model of eoonornie gmrth, Y; = AL\": [25 marks] a] Find the steady state level of output per worker {13'} using the equations below. Esplein the economic meaning of the steady state output per worker. [1i] marks} new = ELL\