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Please provide an explanation as well. Thank you! 2. (3 points). Consider the 2-country model of technological growth from Section 8.3 of the textbook. Suppose

Please provide an explanation as well. Thank you!

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2. (3 points). Consider the 2-country model of technological growth from Section 8.3 of the textbook. Suppose that each country has 1,000 workers. Moreover, the technological leader has 20% of its labor force working in the R&D sector, while the technological follower has only 10% of its workers employed in the R&D sector. The cost of innovation is ui=20, While the cost of copying is 11.. = 40*(A1/AJ05. Calculate the steady-state ratio of technology in Country 1 to technology in Country 2

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