- CFA Exams
- CFA Level I Exam
- Study Session 4. Economics
- Reading 11. Economic Growth and the Investment Decision
- Subject 4. Other Inputs of the Production Function
CFA Practice Question
Which country is the most likely one to spend the lowest percentage of GDP on R & D?
A. The U.S.
B. Japan
C. India
Explanation: Developing countries spend less on R&D than developed countries because they can acquire new technology through imitation or copying the technology developed elsewhere.
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