Question 1 (20%).Assume that the total output in economy is 40 billion dollars, the saving rate is 4%, the current capital stock is 50 billion dollars and the depreciation rate is 2%. There are 1 million workers and the rate of growth of population is 4%.Use equations from basic growth model to calculate

1. (15%) how much will the total capital stock increase
2. (5%)how much will the number of workers increase