Question: (2012 dollars per hour) Labor hours supplied Labor hours demanded 40 150 50 35 140 60 30 130 70 25 120 80 20 110 90

(2012 dollars per hour) Labor hours supplied Labor hours demanded 40

(2012 dollars per hour) Labor hours supplied Labor hours demanded 40 150 50 35 140 60 30 130 70 25 120 80 20 110 90 15 100 100 10 90 110 Real GDP Labor hours (2012 dollars) 50 2,850 60 3,600 70 4,250 80 4,800 90 5,250 100 5,600 110 5,850 120 6,000 What is potential GDP

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