Question
The private sector accounts for about 90 percent of R&D expenditures. Select one: True False
Solution
4.1
(343 Votes)
Yancy
Master ยท Tutor for 5 years
Answer
###False
Explanation
##Step 1: Private Sector and R&D###Private sector involvement in R&D is substantial, but the 90% figure needs verification. The exact proportion can vary depending on the country and time period.##Step 2: Public vs. Private Goods Nature of R&D###R&D can lead to both private goods (e.g., patented inventions) and public goods (e.g., scientific knowledge). While private companies invest heavily in R&D, governments also play a significant role, especially in basic research.##Step 3: GDP and R&D###R&D spending is a component of GDP, reflecting its contribution to economic output. However, the question focuses on the proportion of R&D funded by the private sector, not its overall contribution to GDP.#