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Explain how changes in foreign income can impact real GDP in a country.
R&D Expenditures
Funds allocated towards research and development activities with the aim of introducing new products or improving existing ones.
Optimal Amount
The most efficient, effective, or desirable quantity of a good or resource to achieve a specific goal or maximize utility.
R&D
Research and Development; activities in businesses and organizations aimed at gaining new knowledge and applying it to develop new products, services, or processes.
Interest-Rate Cost-of-Funds
The cost of obtaining funds to borrow, typically described as an interest rate, representing the lender's compensation for the risk and time value of money.
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