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(g) (5 pts) Finally suppose that there is a baby boom and that the population growth rate increases to n = 0.08. Plot the transition

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(g) (5 pts) Finally suppose that there is a baby boom and that the population growth rate increases to n = 0.08. Plot the transition paths for 50 periods of capital per eeetive worker, in, and consumption per effective worker, at assuming you are in the steady state you found in part (e). (i.e. you are utilizing the golden rule savings rate). Explainwhy kt and 6,; react the way they do towards the new steady state. (Recall once you know kt you can gure out 5t)

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