The economy is in a preBreXit steady state, 2. Brexit requires a 10% reduction in the labor force, 3. The economy reaches a post-Brexit steady state with 10% fewer workers). e) Draw the time path of British output per capita (make sure to include at least the the pre-Brexit period, the transition and the post-Brexit steady state). Who benets from this measure the workeis or the owners of capital in the UK? Explain your answer and maybe illustrate it with some time paths. Knowledge travels with people and goods, the reduction of qualied immigration together with the decrease in trade resulting from the newly imposed protectionist barriers in both sides of the English Channel is estimated to reduce the growth rate of total factor productivity, 3 , by at least 10%. 1) Use the phase diagram of the model to illustrate the consequences of a 10% decrease in the British rate of total factor productivity growth (assume the following sequence of events: 1. The economy is in a pre-Brexit steady state, 2. Brexit leads to a 10% reduction in g, 3. The economy reaches a post-Brexit steady state)- g) Draw the time path of British output per capita (make sure to include at least the the pre-Brexit period, the transition and the post-Brexit steady state). Who benets from this measure the workers or the owners of capital in the UK? Explain your answer and maybe illustrate it with some time paths. h) Discuss the overall impact of Brexit on workers and owners of capital