question

3. (2'? marks) Consider the Solow model, where aggregate output is produced according to the following production function, I: = WM\" (1) where o: 11' B). (i) Will these two economies have the same level of output per worker in the long run? Explain. (ii) Will they have the same growth rates of output per worker and aggregate output in the long run? Explain. (d) {:4 marks) If o