Macroeconomics is a study of the economy as a whole, and microeconomics includes the study of decisions made by individuals and businesses

Marginal product is

A) the change in total output from using an additional unit of one variable input, holding other inputs constant. B) the change in total output from using an additional unit of all variable inputs. C) the total output divided by the number of units of the variable input. D) the change in total output divided by the number of units of the variable input, holding constant all other inputs.

Which of the following would reduce the labor force participation rate, all else equal?

A) an increase in the number of people in the labor force B) an increase in the unemployment rate C) a decrease in the unemployment rate D) an increase in the working-age population