The first table gives the labor demand and labor supply schedules for a nation. The second table gives the production function for the same nation. What is the equilibrium wage rate and level of employment? What is potential GDP? You can answer this question without a graph. (5 points)Labor DemandReal Wage RateLabor Supply03061255220431534102EmploymentrGDP6$955$904$803$602$30

Question 2: The first table gives the labor demand and labor supply schedules for a nation. The second table gives the production function for the same nation. What is the equilibrium wage rate and level of employment? What is potential GDP? You can answer this question without a graph. (5 points) Labor Demand Real Wage Rate Labor Supply 0 30 6 1 25 2 20 3 15 W 4 10 N Employment rGDP 6 $95 $90 4 $80 3 $60 N $30