Consider the Solow model we studied in class, with the production function given by: Y =AKN1. tttt In this question, we distinguish between the labor force (L) and the total population (Pop). The labor force is a constant ratio of the total population, given by the equation L = p P op, where 0 < p < 1 represents the labor participation rate. Suppose there are two countries, A and B, with the assumption that the saving rate (s), the rate of growth of the labor force (n), the production function (Y ), and the depreciation rate (d) are the same in both countries. However, the labor participation rate (pA) in country A is higher than that in country B (pB). Which country will have a higher income per person in steady state? And a higher income per worker in a steady state

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