In Macroland potential GDP equals $20 billion and real GDP equals $19.2 billion. Macroland has a(n) ________ gap.

The common measure of wealth used in calculating the distribution of wealth includes

A) workers' claims on the Social Security system. B) workers' claims on private pension funds. C) financial assets. D) human capital.

Points inside the production possibilities frontier represent inefficient levels of production

a. True b. False Indicate whether the statement is true or false