Question: Write down the production function in per worker units at time t. (5 points) Show that the total consumption (private plus government) is a fraction

 Write down the production function in per worker units at time

t. (5 points) Show that the total consumption (private plus government) is

Write down the production function in per worker units at time t. (5 points) Show that the total consumption (private plus government) is a fraction of the aggregate incomefoutput. (5 points} Write down the goods' market equilibrium condition at time t. (5 points) Using your answer to c), show that in equilibrium the aggregate investment is a fraction of the aggregate incomeg'output. (5 points) Show that the change in the physical capital per worker from time {to time {+1 is a function of the physical capital per worker at time t. (5 points) Derive the steady-state formula for the physical capital per worker. (1'22I points) How does the tax rate T affect the steady-state incomefoutput per worker? (5 points) Derive the steady-state formula for the total consumption per worker. (5 points} Using your answer to h). derive the tax rate I'\" that maximizes the steady-state consumption per worker. (5 points}

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