Consider two economies: NORTH and SOUTH. Both are described by a neoclassical Cobb- Douglas production function: Y = 2(K)⁰,5 (AN)05. Both have the same population growth rates, depreciation rates, and rates of technological progress, but they have different saving rates. In particular: In NORTH the saving rate is s=0,6; the rate of population growth n=0,01; the depreciation rate is d=0,005 and the rate of technological progress is g=0,025. In SOUTH, the saving rate is s=0,5; the rate of population growth n=0,01; the depreciation rate is d=0,005 and the rate of technological progress is g-0,025. a) Calculate the steady-state value of capital and production per effective worker in the SOUTH country. (3p). b) Assume that in NORTH and SOUTH, in time t=1, the current level of capital per effective worker is equal to 100 (₁ = 100). In which country the current growth rate of capital per effective worker will be higher? Explain referring to a Solow model graph.