Question: Question 7 b. Consider two countries, labeled 1 and 2, with identical technology parameters (A = 1) and production function Y = KL-. The only

Question 7 b. Consider two countries, labeled 1 and 2, with identical technology parameters (A = 1) and production function Y = KL-. The only difference is that the population growth rate is n1 = 0.05 and n2 = 0.01. Let a = 0.3, 6 = 0.1 and s = 0.3. What is the relative difference in per capita income between countries 1 and 2

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