How to exercise 2 part b

Exercise 2: The Solow Model - technicalities a. What is the steady-state level of capital? What happens to an economy once it is reached? [ 1' 0%, about 200 words] b. Consider 3 the three economies (AB and C) in the gure below. They all have the same steady state, but different levels of capital per person kA, [(3 and kc. Will these economy eventually converge to the same production per capita? Which one is growing at a faster pace given their current level of capital per worker? Why? [25%, about 500 words]