What is the steady-state value of output per worker?

A country has the per-worker production function y=5k1/2 where y is the output per worker and k is Show more A country has the per-worker production function y=5k1/2 where y is the output per worker and k is the capital- labor ratio. The depreciation rate is 0.15 and the population growth rate is 0.05. The saving function s=0.2Y where s is total national saving and Y is the total output. a. what is the steady-state value of capital-labor ratio? b What is the steady-state value of output per worker? c. what is the steady-state value of consumption per worker? Show less

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