Solow model . Finally, we arrive at Akt = S . A . ke - (n+ d) . kt 1 Solow model with lower population growth rate Consider the Solow model that we studied in lecture 1 with the following parameter value, a = 3, capital depreciation rate o = 0.05, n = 0.03, and s = 0.08. Assume that in period zero the economy is in steady state. a. What if the population growth rate drops to 0.01, other parameters remaining unchanged. (This is illustrative for a developing country with population growth rate converging down to that in developed countries.) b. What are the new steady state values of capital, income and consumption per worker, respectively