The total debt includes amounts one government agency owes to another

In a market with asymmetric information, a good is said to have hidden characteristics if:

A) the consumption of the good imposes an additional cost on the society. B) the production of the good generates additional benefits to the society. C) the seller offers secret discounts to some buyers. D) the buyer or the seller observes something about the good that the other does not.

The quantity of goods and services that can be produced by one worker or by one hour of work is known as

A) per-capita GDP. B) labor productivity. C) real domestic output. D) the labor force participation rate.