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Furthermore, assume that the capital depreciation rate is d = 0

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Furthermore, assume that the capital depreciation rate is d = 0.04, the savings rate is s = [1-3, the population growth rate is n = 0.035, and the productivity is z = 1.75. Suppose K0 2 21(1) and N9 = 100. 1. Compute the telnet: I51, 3", and c1 of the per-worker capital, output and consumption in period one. . Find the steady state per-capita capital stock (If), output per capita (if), and consumption per capita {6"}. . Assume the economy is in the steady state of Question 2, compute the percentage change in e that is needed to increase the long run per capita capital by 5%. . Assume the economy is in the steady state of Question 2 and suddenly, .2 decreases by 10%, calculate the pcrecntag change in s that is needed to keep the long run per capita output unchanged. . Assume the economy is in the steady state of Question 2 and 1: goes down by 5% while 2 increases by 5% and 3 increases by 5%. Using the Taylor approximation, evaluate the contribution of each variable to the total change in the steady state consumption c".