ne following exercise. In Korea, real GDP per hour of labor is $22, the real wage rate is $15 per hour, and people work an average of 46 hours Réal wage rate (2012 dollars per hour) 65 per week. In...

Extracted text: ne following exercise. In Korea, real GDP per hour of labor is $22, the real wage rate is $15 per hour, and people work an average of 46 hours Réal wage rate (2012 dollars per hour) 65 per week. In the United States, real GDP per hour of labor is $76, the real wage rate is $50 per hour, and people work an average of 34 hours per week. 60- 55- 50- Explain the difference in the two labor markets. 45- In the graph, draw the Korean demand for labor curve (label it LDK) and the Korean supply of labor curve (label it LSK). 40- Now mark the Korean labor market equilibrium. 35- Draw the U.S demand for labor curve (label it LDUS) and the U.S. supply of labor curve'(label it LS,s). Now mark the 30- U.S. labor market equilibrium. 25- 20- 15- 10+ 22 28 34 40 46 52 58 Labor (hours per worker per week) >>> Draw only the objects specified in the question. Click the graph, choose a tool in the palette and follow the instructions to create your graph. Check Answer Clear All 1 1 part remaining MacBook Al DA DII DD F11 888 F10 F9 80 F7 F8 F4 esc F2 F3 F1 @ # 24 7 8 2 3 4 5 1 T Y Q W E tab K S D F G A ape lock