result of the Homer model is given by the following set of equations, 3, = we => 9; = as {RE} y, = gt???\" 9,, = n {av} k, = atm gt = we: {ELK} N: = Nani a: on = n {RN} which describe the models balanced growth path resulting from the endogenous technological response to population growth as captured by equation {HZ}. As you may recall from class, the parameters E = [33,33,3k} are rather convoluted {see handout}, but they are only of secondary importance.3 a} [2 points] Assuming n. :1 1, what happens to the growth rate of technology 9,, and percapita output 9,, when the e'iciency of technological production improves [.1 increases}? What happens when the contribution of old technologyr to new technologyr improves (ti: increases}? b} [3 points} Assuming n 2::- 1, why is the Homer model typically labeled an endogenous growth model? (Hint: recall that the Solow model belongs to the class of exogenous growth models because absent any exogenous technological advancements, capital, output, and consumption all converge to a steady state.} c} [5 points} What happens to technology and output {growth} if n