Question: In 2011, the population increases and labour hours supplied increase by 10 at each real wage rate. What are the equilibrium real wage rate, labour

In 2011, the population increases and labour hours supplied increase by 10 at each real wage rate. What are the equilibrium real wage rate, labour productivity, and potential GDP in 2011?
The first table describes an economy€™s labour market in 2010 and the second table describes its production function in 2010.

Real wage rate (dollars per hour) Labour Labor hours hours demanded su 80 70 45 40 35 10 50 40 20 25 25 20 20 35 Real GDP Labour (hours) (2005 dollars) 425 800 1,125 1,400 1,625 1,800 1,925 2,000 20 25 35

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