the Solow model, if the per worker production function of Japan is given as Y/N = 1.5(K/N)05, the preciation rate as 10%, the population growth rate as 2%, and the savings function is given as S = 0.05Y: (3) 3.1. Calculate the balanced growth (steady-state) capital labour ratio (K/N). 3.2. What is the balanced growth (steady-state) output per worker (Y/N)?
