3. Appficaan to China Ehina is much more different than the United States today than France ever was. Not only is its initial capital stock K0 much lower, but there are many other important differences as will be discussed below. For this question, adapt the spreadsheet [or make a copy] so that "France" is now labeled "China\". a. Total Factor Productivity {TFP} differences between the US and France have always been minimal. This is not true when comparing China and the United States today. Explain the consequence for China's long run level and growth rate of output per capita relative to the United States of a permanently lower level of TFP. For this question, you can isolate the effect of the TFP difference by letting the United States and China be similar with respect to other parameters {Hint let China's initial capital KB and TFP AD but not its TFP growth rate be lower relative to the United States]. b. {Shina's investment rate vastly exceeds that of the United States, and this very high investment rate may be maintained for many years to come. Holding all else fixed, how does this affect {Shina's long run level and growth rate of output per capita relative to the United States