Two island economies, Cocoa Island and Plantation Island, are identical in every respect except one. A survey tells us that at full employment, people on Cocoa Island spend 2 comma 000 hours a day on job search, while the people on Plantation Island spend 1 comma 000 hours a day on job search. Which economy has the greater potential GDP? Which has the higher real wage rate? Which has the higher natural unemployment rate? Question content area bottom Part 1 Cocoa Island has a _______ level of potential GDP and a _______ real wage rate. A. greater; higher B. greater; lower C. smaller; higher D. smaller; lower Part 2 Cocoa Island has a _______ natural unemployment rate because it has _______. A. higher; more job search B. lower; a smaller supply of labor C. higher; a greater demand for labor D. lower; it has more job search