The Largest Spender on Research and Development in the World

question 47

Multiple Choice

The largest spender on research and development in the world (in total dollars or dollar equivalents) is

• A) China.
• B) the United States.
• C) Japan.
• D) the United Kingdom.

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Definitions:

Part Time

Employment with fewer hours per week compared to full-time jobs, often offering less benefits and lower pay.

Voluntarily Retired

Individuals who have chosen to exit the workforce and end their professional careers by choice rather than by necessity or force.

CPI

The Consumer Price Index, a measure that examines the weighted average of prices of a basket of consumer goods and services, such as transportation, food, and medical care.

Inflation Rate

The velocity at which the broad price level of goods and services climbs, reducing purchasing capability.