Numerical and analytical problems (32 points sect 13. (17 points) The ec economies of Vulcan and Kronos can be well represented by the Standard Solow growth model with the same structural parameters: s = 0,25, na 0.05, d = 0,09, a = 0.37, 0.37, and z = 2. In both economies, the production function expressed in per-capita terms has the standard Cobb-Douglas form y m zk. In your answers below, round all calculations to two decimals. a. Currently (time period ( = 1), Vulcan's capital per person is kyulcan = 6.1. and Kronos's kkronos = 8.3. Plot these two values on the corresponding graphs below. Without calculating kyu(can, predict and explain whether capital per person on Vulcan will be growing, shrinking, or staying the same. Perform the same exercise for Kronos. Vulcan Kronos Investment Investment and and depreciation depreciation (n + d)k (n + d)k szka szku Capital per Capital per worker, & worker, & College of the Holy Cross Department of Economics and Accounting b. For each economy, calculate k2 and the growth rate of capital per person (k) between periods 1 and 2. Do you expect to see absolute convergence between the economies of Vulcan and Kronos? Explain