The Treasury is currently estimating the growth level for Australia. They are concerned about population growth and they have ask you to help them to prepare a report that accounts for an increase in the population size over time. You remember your time at UNSW and decide to use the SolowSwan model to prepare your report. The ABS forecast that population will growth at a constant rate n, where n > 0. When this assumption is made, the capital accumulation equation (in per capita terms) assumes the following format: Akt : 4y; (n + (5)11}, where s is the savings rate and 6 is the capital depreciation rate. In your report you need to answer the following questions: 1. Find the steady-state level of income per capita assuming the production function follows the standard Cobb- Douglas production function. Show your work, step-bystep