6. STEADY STATE OUTPUT AND TECHNOLOGICAL PROGRESS Suppose that the economy's production function is: Y=KNA and that the saving rate (s) is equal to 16% and the rate of depreciation () is equal to 10%. Further, suppose that the number of workers grows at 2% per year and the rate of technological progress is 4% per year. a. Find the steady state values of: The capital stock per effective worker. Output per effective worker. The growth rate of output per effective worker. The growth rate of output per worker. The growth rate of output. b. Suppose that the rate of technological progress doubles to 8% per year. Recompute the answers to (a). Explain. c. Now, suppose that the rate of technological progress is still equal to 4% per year but the number of workers now grows at 6% per year. Recompute the answers to (a). Are people better off in (a) or in (c)? Explain