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Hi, please solve A and B of question 1. Thank you! 1. Two countries, Highland and Lowland, are described by the Solow growth model without

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Hi, please solve A and B of question 1. Thank you!

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1. Two countries, Highland and Lowland, are described by the Solow growth model without population growth or technological progress. The population is higher in Highland than Lowland. but otherwise the countries are identical (ie: same production function, savings rate, depreciation, ect). . Hint: you may be able to some or all parts to this question without any math, just but be sure to fully explain how you arrived at your answer. a. In which country is the steady-state growth rate of output higher? Growth rate of output per capita? b. At time 1 Lowland and highland have the same total level of capital, and both are below their steady state level of capital, in which country will the per capita growth rate between time 1 and time 2 be higher? Hint 1: If the growth rate of per capita capital (," ) is higher in one nation, than the growth rate of per capita growth rate is higher in that country as well, this follows from the countries being identical. Hint 2: If you can't answer the question in general try specifying a production function and answering the

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