Question 28 (10 points) Suppose the aggregate production function in METU is Yt = AK!/3 N?/3 Assume A is constant and equal to 2. (b) (i) Assume that saving rate is equal to 0.42, population growth 0.01, and the depreciation rate 0.02. What is the steady state level of output per worker? (ii) If the saving rate decreases to 0.20, what would be the steady state level of output per worker? Show your calculation in Assessment-Assignment-Final Exam O a) (i) Around 5.66 (ii) Around 3.16 ( b) (i) Around 8.61 (ii) Around 5.81 O c) (i) Around 15.06 (ii) Around 10.39 O d) (1) Around 10.59 (ii) Around 7.30 ( e) None of the above