A Country with a High Level of Research and Development

question 32

True/False

A country with a high level of research and development as a proportion of GDP is likely to be a knowledge-based economy.

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Definitions:

Unemployment

The condition where individuals who are capable of working and are actively seeking a job are unable to find employment.

Policymakers

Individuals or groups responsible for making decisions on public policy, shaping laws, regulations, and guidelines that govern the country or specific sectors.

Anticipated

Expected or predicted, often used in contexts where outcomes or events are seen as probable based on current information or trends.

Investment Tax Credit

a tax incentive that allows businesses to deduct a certain percentage of the amount invested in assets or projects from their tax liability.