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Imagine that the number of people in this economy, Nt, is different from the number of workers because some people do not work. Let It

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Imagine that the number of people in this economy, Nt, is different from the number of workers because some people do not work. Let It = Lt Nt be the number of workers per capita (the fraction of the population that works). Let yt = Yt Nt be output per capita and kt = Kt Nt be capital per capita. Finally, let n be the rate of population growth and L the growth rate of labor. (iii) Using the @effective production function 2 you derived in (b), write down output per capita, yt , as a function of capital per capita, kt, labor per capita, It, the level of population Nt, and the level of technology, A

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