Problem
1. In the Romer model, how does an increase in the fraction of the population engaged in R&D affect the growth rate of per-capita output over time?
2. In the Romer model, how does an increase in total population affect the growth rate of percapita output over time?
3. What is the impact of an increase in saving in the Romer model?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.