2101019 471 Acrobat 10 71 71 Aa - 76 7H BE 2016. ~ 2017: 2018 : - Step 5 : Use the CPI to Compute the Inflation Rate from Previous Year- 2017 : " 2018 : 4. (5 points) Suppose the following diagram is drawn from the Cobb-Douglas Production Function Y = A K^ 0.5 LA0.5- where Y = GDP K - capital stock L - Labor and A = Technology Y/Le K/L-(March 24 2022)(Final)(2) - Word 27191 Adobe Is ATEH Adot (a) Is above production function constant returns to Scale (CRS)? Verify your answer:+ (b) Derive production function in per capita terms, le. Derive per-capita production function in the form of Y/L =A f (K/L): (c) Assume A= 1.0 K= 100 and L = 25. Solve for the value of Y. Y = ( (d) Depict the data(K/L value) and solution (Y/L value) on the above diagrame (e) Suppose the growth rate of Y (GDP) = 5 % and growth rate of L (Labor=population)=2% in a certain developing economy during the period of 1900-2000. What would be growth rate of per capita GDP(V/L) during the same period