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need details explanation 1. Assume we are in the basic Solow model. Two economies are in the transition to their long-run equilibrium. Economy 1's GDP

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1. Assume we are in the basic Solow model. Two economies are in the transition to their long-run equilibrium. Economy 1's GDP per-capita is growing at 3% while Economy 2's GDP per-capita is growing at 2%. Both economies have: s = 0.2, a = 1/3, 6 = 0.1, and a current level of capital per-capita of k, = 1. Using the lecture notes' formula for the growth rate of y, what is the level of technology of Economy 1 (A,) and Economy 2 (A2)? A. A1 = 1.1 and A2 = 1. B. A1 = 0.8 and A2 = 0.95. C. A, = 0.95 and A2 = 0.8. D. A1 = 0.8 and A2 = 0.9

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