n answering the following questions, show your work.

1. In May 2020, the civilian population 16 years old and older was 280,309,000. The number employed was 157,975,000 and the number unemployed was 20,514,000.

a. How many people were in the labor force?

b. How many people were out of the labor force?

c. What was the labor force participation rate?

d. What was the unemployment rate?

1. Consider the following table of output generated by different numbers of workers at a firm.

Number of workers Output per hour Marginal product of labor Marginal revenue product of labor 5 11 6 18 7 24 8 29 9 33 10 36