The following table shows data for a hypothetical economy in 2018 and 2019.Use the table to answer the questions that follow.

	2018	2019
Population	800,000	808,000
Number of Hours Worked	2,000,000,000	2,000,000,000
Real GDP	$16,000,000,000	$16,644,800,000
Real GDP per Person
Labor Productivity

The growth rate of the population between 2018 and 2019 is _____ .

Calculate real GDP per person in 2018 and 2019 and enter the values in the previous table.

The growth rate of real GDP per person between 2018 and 2019 is _____ .

Calculate labor productivity in 2018 and 2019, and enter the values in the previous table. (Note: Enter your answer to the nearest penny.)Hint: Labor productivity is equal to real GDP divided by the number of hours worked, so the unit of measurement is dollars per hour.

Based on your calculations, the growth rate of labor productivity between 2018 and 2019 is _______ .

Assuming that real GDP per person is a good measure of living standards, between 2018 and 2019, living standards _____ for which of the following reasons?

Productivity growth outpaced population growth.

Population growth outpaced productivity growth.

The number of hours worked remained the same.