Chapter 7R, Problem 9MCQ

To determine

To find:

The correct option regarding the meaning of investment by government to create and implement new technologies.

Answer to Problem 9MCQ

Option D is correct.

Explanation of Solution

Achieving sustained, accessible, and intelligent growth, to put it simply, entails making large expenditures in research and development, or investment in science. All actions that result in the creation of a good or a service are considered to be part of technology.

Economics Concept Introduction

Economic growth is a value of goods and services that are calculated over a period of time according to the current price level.