Suppose that labour productivity increases in 2010.What effect does the increased labour productivity have on the demand for labour, the supply of labour, potential GDP, and real GDP per person?
The first table describes an economy€™s labour market in 2010 and the second table describes its production function in 2010.

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Real wage rate Labour Labour hours (dollars per hour) demanded ours supplied 80 70 60 50 40 30 20 50 45 40 35 30 25 15 20 25 30 35 40 45 Labour (hours) (2005 dollars) Real GDP 15 20 25 30 35 40 45 50 1,425 1,800 2,125 2,400 2,625 2,800 2,925 3,000