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The first table describes an economy's labor market in 2018 and the second table describes its production Real wage rate function in 2018. (2009 dollars

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The first table describes an economy's labor market in 2018 and the second table describes its production Real wage rate function in 2018. (2009 dollars Labor hours Labor hours per hour) supplied demanded What are labor productivity and potential GDP in 2018? 120 55 15 105 50 20 . . . 90 45 25 75 40 30 60 35 35 Potential GDP is $ 45 30 40 30 25 45 Labor productivity is $ per hour of labor. Real GDP Labor hours (2009 dollars) 15 1,425 20 1,800 25 2, 125 30 2,400 35 2,625 40 2,800 45 2,925 50 3,000

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