sol the please question 2

where L(t) is the population and we assume its growth rate is n. Compute the growth rate of Y(t) on balanced growth path. Discuss the optimal tax rate to maximize GDP growth. 2. Assume individual's utility flow function takes form: u(c) = log(c). For each of the following production function, a) describe the physical capital accumulation equation; b) obtain the GDP growth rate. (a) Y(t) = AK(t) + BL(t), A > 0, B> 0 (b) Y(t) = OK(t) + (1 -0)1(0)- 10>1 3. Assume representative agent's utility function takes form