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Economic growth

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Question 3

Table 1 shows the gross domestic spending on Research & Development (R&D) as a percentage of GDP and the annual real GDP growth rate for five selected nations.

Table 1: Gross domestic spending on R&D and economic growth

NationGross domestic spending on R&D (% of GDP)Annual real GDP growth rate (%)
South Africa0.620.9
Italy1.451.2
France2.201.8
Germany3.142.6
South Korea4.813.6

Using Table 1, explain the relationship between gross domestic spending on R&D (as a % of GDP) and the annual real GDP growth rate.

[4]

Economic growth Questions

  1. A Level
  2. /Economics
  3. /Economic growth