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I really need help with the graph. please lable everything. will give thumbs up 5E 120 pts Suppose that the relationship between the number of

I really need help with the graph. please lable everything. will give thumbs up image text in transcribed
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5E 120 pts Suppose that the relationship between the number of workers and real GDP is given by the table below and diagram to the right S Labor input per year (millions of workers) 120 130 140 150 160 170 Real GDPyr ($ trillions) 12.00 14.00 16.00 18.00 20.00 22.00 Hourly wage rate 2- a. The equilibrium hourly wage is $4 and the equilibrium number of workers employed in this economy is 140 million 14 D b. At this equilibrium in the labor market the real GDP is S 16.00 trillion 0- 100 110 120 130 140 150 160 170 do 190 Millions of workers Click the graph. choose a tool in the palette and follow the instructions to create your graph s with practice exams search DE e a b. At this equilibrium in the labor market the real GDP is $ 16.00 trillion. c. If the hourly wage were to change to $6 per hour how many workers would unemployed? 8 A. 40 million Hourly wage rate 3 OB. 120 million O C. 20 million OD. It is impossible to tell d. Using the double arrow line drawing tool, indicate the amount of unemployment as the surplus in the labor market by drawing a double-arrow between the quantity demanded and the quantity supplied of labor at S6 per hour Label the it'unemployed Carefully follow the instructions above and only draw the required objects 2- + 0-4 100 110 120 130 140 80 Toto 180 180 Milions of workers Click the graph choose a tool in the palette and follow the instructions to create your graph with practice exams arch e E a * 99

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