Question 1 Imagine a Solow model setup. Suppose two countries, Growlandia and Crecilandia, have the same savings rate 5, the same depreciation rate, similar technologies (same production function), same population and initial capital, but different population growth rates: in Growlandia the n(G)=1%, while in Crecilandia n(C) = 2%. 1) (10 points) In the long run (steady state) would you expect Growlandia standard of living to be the same, greater, or less than Crecilandia's? Explain why. (Drawing the equilibrium will help). 2) (10 points) In the long run (steady state) would you expect Growlandia's growth rate (of GDP) to be the same, greater or less than Crecilandia's? Explain