Question: 1. Consider the Solow Growth model with and without technology. Please derive the growth rates of income and income per capita of an economy at

1. Consider the Solow Growth model with and without technology. Please derive the growth rates of income and income per capita of an economy at the long-run equilibrium (steady state)?

2. Suppose policymakers want to increase the growth rate of an economy and they increased savings rate. Considering the Solow model with technology, please show graphically the short and long term effects of this policy change on the growth and level of income per capita?

3. Suppose the following production function is given for a Solowian type of economy:

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