Assume this economy's savings rate falls to 18%. Draw a graph showing this shift. What would the BGE level of Y/K be? Would this occur right away? Generally, what can we say about the efficiency level and time that would be needed to reach the (Y/L)is level from the previous problem? Why?Suppose an economy can be defined by: S = 24% n = 1% g = 3% 6 = 2% a = 1/3 Eo = 500 In BGE, what are the values of K/L, Y/L, and Y/K at this level of E? Draw and label the production function that goes through this point. (Y/K) = (1+3+2)/24 = 1/4 (Y/L) = 4(500) = 1000 K/L = (Y/L) * (K/Y) = 1000*4 = 4000