Question: Suppose there is an increase in the saving rate. Explain what effect this will have on output, output per worker, the rate of growth of

Suppose there is an increase in the saving rate. Explain what effect this will have on output, output per worker, the rate of growth of output, and the rate of growth of output per worker. Discuss with the aid of a diagram. How does an improvement in technology differ from the increase in the saving rate in the Solow model?

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