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4. (15 points) Using the following equations, answer the below. y = 160.5, y=c+h Ak = 2' 6k, 6 = (1 -3)y, The variables y,
4. (15 points) Using the following equations, answer the below. y = 160.5, y=c+h Ak = 2' 6k, 6 = (1 -3)y, The variables y, k, c, 1' are output, capital, consumption, investment, all in per capita, respec- tively. The positive parameter 6 is the depreciation rate. The numerical value is 6 = 0.05. The parameter s is the savings rate. Population is constant
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