Question: Please solve question 2. A, B, C. Thank you! 2. Consider the Solow model with population growth and no technological progress. Suppose a country's production

Please solve question 2. A, B, C. Thank you!

2. Consider the Solow model with population growth and no technological progress. Suppose a country's production function is: Y ( K, L) - KAL3 Depreciation is 1%(.01). Hint: Slides should be helpful, but you must fully derive every answer, not just use solutions from slides. a. Derive the per capita production function. b. The savings rate is 25%(.25), What is the law of motion? c. The savings rate is 25%(.25). At time 1 the per capita capital stock is 1, what is the change of per capita capital between period 1 and 2? What is the level of per capita capital at time 2
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