Consider the table below, which shows the number of researchers in R&D (per million) in 2010 and the average growth rate of real GDP for the years 1985-2014. Explain how the Romer model explains the relationship between the number of researchers and economic growth. Given your answer, does the data below corroborate your story? How might you explain any inconsistencies between the data and the model?Table 6.2 
(Source: Penn World Tables 9.0 and the World Bank)
Definitions:
Fixed Cost
Costs that do not vary with the level of output or production, such as rent or salaries.
Average Fixed Cost
Unchanging production costs (which do not fluctuate with production levels) divided by the output quantity.
Instructional Modules
Structured units of educational material or courses designed to teach a specific subject or skill.
Average Variable Cost
The total variable costs (costs that change with production levels) divided by the quantity of output produced.
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