Course Hero * @ 1.4 Assignment X VitalSource Boc X G Grammarly * *ECO-331 Macr X Macro 1.4 x Course Hero X M Your answer is X Course Hero X + C bookshelf. vitalsource.com/#/books/9780134789231/cfi/6/148!/4/2/10/6@0:6.23 Update : The first table describes an economy's labor market in 2018 and the second table describes its production function in 2018. 4. What are the equilibrium real wage rate, the quantity of labor employed in 2018, Q labor productivity, and potential GDP in 2018? 5. In 2019, the population increases and labor hours supplied increase by 10 at each real wage rate. What are the equilibrium real wage rate, labor productivity, and potential GDP in 2019? Real wage rate (dollars per Labor hours Labor hours hour) supplied demanded 80 45 5 70 40 10 60 35 15 50 30 20 40 25 25 30 20 30 20 15 35Course Hero * @ 1.4 Assignment X VitalSource Boc X G Grammarly X ECO-331 Macr X Macro 1.4 X Course Hero X M Your answer is X Course Hero X + C bookshelf. vitalsource.com/#/books/9780134789231/cfi/6/148!/4/2/10/8/4/2/4/2/4/12/2@0:98.4 Update : 20 15 35 Q Labor (hours) Real GDP (2009 dollars) 5 425 10 800 15 1,125 20 1,400 25 1,625 30 1,800 35 1,925 40 2,000 6. In 2019, the population increases and labor hours supplied increase by 10 at each real wage rate. Does the standard of living in this economy increase in 2019