1. Calculate accumulation in the Solow Model Write down the capital accumulation equation from the following information: Capital stock next year (Kt+1) consists of investment this year (L) and capital stock this year (Kt) adjusted by depreciation of 2.5% Investment is 40% output this year where output is given by Yk = K 1/3 L41/3. The amount of labor in the economy is fixed at I = 64. The total factor productivity is fixed at = 10 Given the information above, your equation should express K+1 in terms of Kt and numbers. (That means, the right hand side of the equation should only have Kt and numbers, not letters such as It, Lt, or 5=