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D Question 13 2 pts Total production in Victoria is described by the production function Y; = A(Kr)\"(L)l_0f where At is total factor productivity, L; is labour, and Kt is capital. Let a = 0.5. Assuming that the growth rate of per capita capital stock is equal to 2% and that the growth rate of per capita output is equal to 1%, the growth rate of total factor productivity is ~ 1% ,, 0.5% 2% " 0% Question 14 2 pts Consider the country of Solow, which is described by the SolowSwan model. Let the saving rate 6 = 0.4; let the population growth rate n = 0.05; let the rate of depreciation d = 005. If per capita income y = 200 and the per capita capital stock k = 800, which of the following is true? Replacement investment per person is 60, saving per person is 80 and k will decrease towards the steady state Replacement investment per person is 80, saving per person is 80 and k is at the steady state Replacement investment per person is 80, saving per person is 60 and k will decrease towards the steady state Replacement investment per person is 60, saving per person is 80 and k will increase towards the steady state