1.Consider 2 countries Avataria and Twilightia which can be described by the Sol

1.Consider 2 countries Avataria and Twilightia which can be described by the Solow model. Avataria has a capital-labor ratio that is initially twice as big as that of Twilightia but neither country is yet in a steady state. Both countries have the same production functionY(KL) = 4(K)1/2(L)1/2.Avataria has a 10% investment rate and 8% depreciation rate while Twilightia has a 15%investment rate and 12% depreciation rate.(a) Calculate the steady-state capital-labor ratio for each country. Does the initial capital-labor ratio affect your results?(b) Calculate output per worker and consumption per worker for each country. Which country has the highest output per worker? The highest consumption per worker?