I need help answering these questions, they keep saying I need a reference but that is all the information provided. Their giving the formulas and everything.

u ur run 'lVl EN T OF ECdN/GJMT'C'S Homework 3. Due Monday 12/5/2022 Fall 2022 David C. Black 4150 5 / 150 Advanced Macroeconomic Theory 0 Assume a yOUDg agents utility function is given by' a 1 U(Cga Ct+1 = *3- 1110? + gln Cf+1. (1) The bud ' get constraints when young and when old are given by- (1+1/1)Ci'+A 2 W3\" Pg ' 05+1 = W+ 1344, Sula rst +0 t+1R Sgt/41E Where Lb is a consumption tax on young agents. 1. What is the consumer's intertemporal budget constraint? 2. Write down the resource constraint for this economy, assuming that at each point in time there are N young agents and N old agents along with a government sector that consumes G units of the consumption good at each point in time. 3. In words compare and contrast the resource constraint for the economy and the con sumer's lifetime budget constraint. Derive the government budget constraint. In this model, how is government spending nanced? blem, solve for each of the endogenous variables 5. From: the consumer's maximization pro in terms of the exogenous variables. Explain the intuition behind the solutions, also, explain what the rst order necessary conditions imply. 6. Assume W11 = 2,000, W0 = 400, a = 100. ding is nanced solely by a consumption tax on old agents, (a) Suppose government spen the steady state values for Rt, 0;\