Let s be the savings rate, δ the depreciation rate and the production function be: y = Aka. If the share of labor is 2/3, calculate the steady-state value of k for each of the following: the product function is in per capita terms
a. s =10%, δ =10%, A=1
b. s =10%, δ =20%, A=1
c. s =20%, δ =10%, A=2
Explain what the meaning of this steady state is