A hypothetical economy can be described by the Solow growth model. Answer the below questions for this economy by using the following information:
Y=√K
saving rate (s) = 0.20
depreciation rate (d) = 0.12
population growth rate (n) = 0.02
a. What is the steady-state level of capital per worker?
b. What is the steady-state level of output per worker?
c. What is the level of steady-state consumption per worker?
d. What is the steady-state level of investment per worker?