The Solow model, if the per worker production function of function of Japan is given as Y/N = 1.5(K/N)^0.5, the depreciation rate as 10%, the population growth rate as 2% and the savings function is given as S= 0.05Y:
1. Calculate the balanced growth( steady state) capital labour ratio(K/N).
2.What us the balanced growth(steady state) output per worker( Y/N)?
