Question: table [ [ Real wage rate ( 2 0 1 2 dollars ) , Quantity of labor demanded ( billions of horrs per year
tableReal wage rate dollarsQuantity of labor demanded billions of horrs per yeartableQuantity of labor suppliedbillions of hours per yeartableEmploymentbillionsof hoursper yearReal GDP billions of dollarsso
The tables above show a nation's labor demand and labor supply schedules and its production function. Given the equilibrium in the labor market, potential GDP is
$ trillion.
$ trillion.
$ trillion.
$ trillion.
$ trillion.
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