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Because the Benefits of Basic Research Are Obvious and Easy

question 178

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Because the benefits of basic research are obvious and easy to measure, it is likely that the public sector pays for the right amount and the right kinds of basic research.


Definitions:

Income

Funds that are earned, frequently on a consistent schedule, from labor or investing activities.

Real GDP per Person

An economic metric that measures the value of all finished goods and services produced within a country in a year, adjusted for inflation, and divided by the total population.

Life Expectancy

Life expectancy is the statistical measure of the average time an organism is expected to live, based on factors such as the year of their birth, current age, and demographic factors.

Literacy Rates

The percentage of people who are able to read and write within a specific population.

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