Production function is given by Y = 3K9(AN)I-a, where a=2/3. The rate of depreciation of capital is equal to 12 percent, the rate of technological progress is equal to 5 percent and the rate of population growth is equal to 3 percent. The economy was in the steady state at time and the level of technology was equal to A=30 and the number of workers at time t was N=5. Use the Solow growth model to answer the following questions (Please fill in numbers use a comma as a decimal separator: 105) and the steady-state 1. If the saving rate 40 percent, the steady state level of production per unit of effective labor is equal to level investment per unit of effective labor at timet is equal to 2. If the saving rate se 40 percent the steady state level of GDP at time ty is equal to and the steady-state growth rate of GDP is equal to . 3. Assume that the economy was in steady state with s-40 percent when the saving rate changed to the golden rule saving rate Right after the change consumption per unit of effective labor will and in the long-run after the new steady-state is reached the level of consumption per unit of effective labor will be compared to its level before the change (1) if the saving rate was equal to the optimal (golden rule) saving rate the steady state level of output per unit of effective laborat timet would be equal to Production function is given by Y = 3K9(AN)I-a, where a=2/3. The rate of depreciation of capital is equal to 12 percent, the rate of technological progress is equal to 5 percent and the rate of population growth is equal to 3 percent. The economy was in the steady state at time and the level of technology was equal to A=30 and the number of workers at time t was N=5. Use the Solow growth model to answer the following questions (Please fill in numbers use a comma as a decimal separator: 105) and the steady-state 1. If the saving rate 40 percent, the steady state level of production per unit of effective labor is equal to level investment per unit of effective labor at timet is equal to 2. If the saving rate se 40 percent the steady state level of GDP at time ty is equal to and the steady-state growth rate of GDP is equal to . 3. Assume that the economy was in steady state with s-40 percent when the saving rate changed to the golden rule saving rate Right after the change consumption per unit of effective labor will and in the long-run after the new steady-state is reached the level of consumption per unit of effective labor will be compared to its level before the change (1) if the saving rate was equal to the optimal (golden rule) saving rate the steady state level of output per unit of effective laborat timet would be equal to