The first table describes an economy's labor market in 2020 and the second table describes its production function in 2020. What are the equilibrium real wage rate, the quantity of labor employed in 2020, labor productivity, and potential GDP in 2020? Real wage rate (2012 dollars Labor hours + The equilibrium real wage rate is $ an hour. per hour) supplied Labor hours demanded 120 135 15 105 120 30 90 105 45 75 90 60 60 75 75 45 60 90 30 45 105 Real GDP Labor hours (2012 dollars) 15 1,275 30 2,400 45 3,375 60 4,200 75 4,875 90 5,400 105 5,775 120 6,000

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