Consider the following production function Y = F(K, N) = √ KN. a. Graphically discuss the long-run effect of an increase in saving rate, s, on capital per worker, output per worker, and output growth rate. b. Suppose the saving rate s = 0.2, depreciation rate ō = 0.1, and labor N = 25. Calculate the steady-state Y/N and K/N.

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