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18. Consider the following version of Solow's model of economic growth with no technological progress (%AAted, = 0.0): ye - k/2 C - (1 - s)ye Le = SyE Aketti - sye - (n + 6)k, S.= 0.21 6 = 0.05 . 7 = 0.02 a. What will capital per worker (k) and real income per person (y) be once this economy reaches its steady-state? b. What will the growth rate of real income per person (%Ay,(+, ) be in the steady state? c. What will the growth rate of real aggregate income (%AY, ,+, ) be in the steady state? Hint: By definition Y - y x L, and n - %ADE.+1. d. Suppose the population growth rate (n) falls from 2% per year to 1% per year. What will the new steady-state value of capital per worker be? e. What will y, %Ay,+1, and %AY, be in the new steady state