3. l[Homer 1.?) Find the elaaticitj.r of output per unit of effective labor on the balanced growth path, p\

3. (Romer 1.7) Find the elasticity Of output per unit Of effective labor on the balanced growth path, with respect to the rate Of population growth, n, where we define the If = - 1/3 , g 2%, and (5 = 3%, by elasticity as On/n about how much does a fall in n from 2 percent to 1 percent raise ? (Hint: check the relevant part in the textbook: Romer Section 1.5 Quantitative Implications)