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Assume that two countries (Jordan and Lebanon) both have the per-worker production function y = k^1/2, neither has population growth or technological progress, depreciation is

Assume that two countries (Jordan and Lebanon) both have the per-worker production function y = k^1/2, neither has population growth or technological progress, depreciation is 5 percent of capital in both countries, and Jordan saves 10 percent of output whereas Lebanon saves 20 percent. If Jordan starts out with a capital-labor ratio of 4 and Lebanon starts out with a capital-labor ratio of 2, in the long run:(1 Point)

Lebanon's capital-labor ratio will be 16 whereas Jordan's will be 4

both countries will have capital-labor ratios of 4.

both countries will have capital-labor ratios of 16.

Jordan's capital-labor ratio will be 16 whereas Lebanon's will be 4.

None of the above is correct

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