Comparative statics in the steady-state: Draw and graph and Using this graph, explain what happens when the population growth rate increases from n1 to n2. In particular, do the following: (a) Draw the effect of this change on the functions in the graph. (b) What does an increase in n represent? (c) State the effect on steady-state capital per capita and steady-state output per capita - do these quantities increase or decrease

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Comparative statics in the steady-state: Draw and graph and Using this graph, explain what happens when the population growth rate increases from n1 to n2. In particular, do the following:

(a) Draw the effect of this change on the functions in the graph.

(b) What does an increase in n represent?

(c) State the effect on steady-state capital per capita and steady-state output per capita - do these quantities increase or decrease

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