Question 2) Consider the Solow model with a Cobb-Douglas Production function A) I) In a balanced growth path when capital per worker is considered the level effects and growth effects is visible while when capital per- effective labour is considered only level effect is visible. Why? (Marks: 6 points) B) Consider a steady state equilibrium in the solow model k(t)sf(k(t))(n+g+5)k(t). Draw the graph and explain the process by which steady state occurs? (Marks 6 points) C) If the depreciation rate in the economy declines, how does the new steady state appear. Also use time series graphs for k (K/AL)and K (total capital stock) and consumption (c= C/AL) in the renewed set up (Marks: 10 points) D) What is golden rule of capital accumulation and when does this happen in the graph (Marks: 5 points)