What is the capital-output ratio for the given economy, Microeconomics

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What is the capital-output ratio for the given economy

Problem

An economy has a saving rate of s= .08, a depreciation rate of .02, a population growth rate of n= .03, and a growth rate of effective labor of g= .05.

a. What is the capital-output ratio, k/y, for this economy?

b. What is the growth rate for the capital-output ratio K/L?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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