Harrod-Domar Model:

ii) Say that the economy has a fixed capital-output ratio (9), a constant savings rate (.9), a constant rate of depreciation (6), and a constant population growth rate (n). Starting from your answer above, derive the percapita Harrod-Domar growth equation as a function of these parameters (6, s, 5, and n). Be sure to show all of your steps in the derivation when you upload your work at the end of this question. 'a. gzg " b. g=%k,n6 iii) What does the Harrod-Domar growth equation you found above predict about (unconditional) convergence? What does it predict about conditional convergence? Explain briefly (i.e. in 4 sentences or less)