Question: In the solow growth model, with labor-augmenting technological progress and population growth, if the production function is y= k^1/2, s= .15, depreciation= .02, n=.02 and g= .01:
a. what is the steady-state level of capital per effective worker?
b. what is the level of consumption per effective worker at this steady-state level?
c. what is the golden rule level of capital per effective worker?
d. what is the savings rate necessary to obtain k*gold?
e. what is the golden rule level of consumption?