Problem
If the per worker production function is given by y=k^1/2, the population growth rate is n= .04, and the depreciation is .01.
a. The golden rule level of capital and output per worker is:
b. What is the saving rate necessary to obtain the golden rule level of output?
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.