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06 Basic Solow model I 8 Points The following equations characterize equilibrium in the basic Solow growth model: Y=AKQL1_" C=(1s)Y Y=C+I AK=IK Answer the following. Use the following parameter values for this problem: A = 100 a = 0.33 6 = 0.1 s = 0.12 and assume that the economy initially has K = 50, 000 units of capital and that the size of the laborforce is L = 100. 06.1 1 Point Compute the current output Y of the economy. Round your answer to at least three decimal places. Do not include commas, dollar signs, or other non-n umen'c characters in your answer. 06.2 1 Point Compute current output per worker y = Y / L for the economy. Round your answer to at least three decimal places. Do not include commas, dollar signs, or other non-numeric characters in your answer 3553.531 Last saved on May 06 at 6:01 AM 06.3 1 Point Compute the amount of capital K' that the economy will have next period. Round your answer to at least three decimal places. Do not include commas, dollar signs, or other non-numeric characters in your answer. 54329.134 Last saved on May 06 at 6:05 AM 06.4 1 Point Compute the amount of capital per worker 16' = K'/L that the economy will have next period. Round your answer to at least three decimal places. Do not include commas, dollar signs, or other non-n umeric characters in your answer. 45426.424 Last saved on May 06 at 6:09 AM 06.5 1 Point Compute the output Y' that the economy will have next period. Round your answer to at least three decimal places. Do not include commas, dollar signs, or other non-n umeric characters in your answer Enter your answer here Save Answer 06.6 06.6 1 Point Compute the output y' = Y'/L that the economy will have next period. Round your answer to at least three decimal places. Do not include commas, dollar signs, or other non-numeric characters in your answer. Enter your answer here Save Answer 06.7 1 Point The growth rate of output per worker is: Compute the growth rate of output per worker. Enter as rate, not percent. Round your answer to at least three decimal places. Do not include commas, dollar signs, or other non-numeric characters in your answer Enter your answer here Save Answer 06.8 1 Point Compute steady state capital per worker for this economy. Round your answer to at least three decimal places. Do not include commas, dollar signs, or other non-numeric characters in your answer Enter your answer here Save