Suppose that the$$ economy's production function is given by

Upper Y equals StartRoot Upper K EndRoot StartRoot Upper N EndRootY$=$KN$,$

where Y is$$ output, K is$$ capital, and N is the number of workers.

The$$ steady$-$state level of capital per worker in terms of the saving$$ rate,

s$,$

and the depreciation$$ rate,

delta$,$

is

K$/$N

$=$

left parenthesis StartFraction s Over delta EndFraction right parenthesis squareds$2.$

$($Properly format your expression using the tools in the palette. Hover over tools to see keyboard shortcuts.$$ E$.$g$.,$ a superscript can be created with the$^$ character.$)$