Sharing the Results of Applied Research Conducted Under Government Sponsorship

question 129

Multiple Choice

Sharing the results of applied research conducted under government sponsorship with the private sector, such as the development of the Global Positioning System (GPS) , is an example of a government policy to promote economic growth by:

• A)increasing human capital.
• B)increasing physical capital.
• C)improving technology.
• D)increasing the availability of natural resources.

---

Definitions:

Output

The total amount of goods or services produced by a company or economy in a certain period.

Inflation Rate

The rate at which the general level of prices for goods and services is rising, thereby eroding purchasing power.

Reducing Inflation

Measures and policies implemented to decrease the rate at which the general level of prices for goods and services is rising.

Debt-to-Income Ratio

A financial measure that compares an individual's total debt to their total gross income, often used by lenders to assess borrowing risk.