Problem 2 Let national production in a country described by the production function Y = AKmLzl3 (Where K - volume of capital; L - amount of labor). The capital/output ratio equals 4. The output increases at a rate of 4% per year. Depreciation rate 5 %. The economy is in steady-state. ( .......... ) 1) Determine the marginal productivity of capital. ( .......... ) 2) What is the savings rate in the country? Now assume the economy has reached the Golden Rule level of capital accumulation: ( .......... ) 3) What should be the level of saving? ( .......... ) 4) What will be the marginal productivity of capital? ( .......... ) 5) What is the capital/output ratio in this case