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Brazil has the following per-worker production function: y=4k^0.05 Population growth rate is 0.04, depreciation rate is 0.03. S= national saving and Y is national output

Brazil has the following per-worker production function:

y=4k^0.05

Population growth rate is 0.04, depreciation rate is 0.03. S= national saving and Y is national output where S=0.4Y.

  1. what are the steady state value of output per worker, capital-labour ratio and consumption per worker?
  2. If national saving increases to 0.5,what are the values of output per worker, capital-labour ratio and consumption per worker?
  3. If the depreciation rate increases to 0.04,what are the values of output per worker, capital-labour ratio and consumption per worker?

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