Public investment expenditure for highways, schools, and national defense is included in which component of GDP?

According to the above table, if per capita real GDP is currently $1000, then at a constant annual rate of growth of 8 percent, per capita real GDP ten years from now will be equal to

A) $2140. B) $2160. C) $2000. D) $2590.

When a firm ignores the opportunity cost of capital when making investment or shutdown decisions, this is a case of

a. Fixed-cost fallacy b. Sunk-cost fallacy c. Hidden-cost fallacy d. None of the above