Solow Model

Part III: Growth, over time [34 points] Suppose an economy is perfectly described by a "Solow + labor-augmenting technical change" growth model with production function Y-K1/(EL)3/4, where E is growing at the annual rate g and the labor force (L) is growing at the annual rate ". A constant fraction s of output is saved (and invested in new capital) each year; the fraction