According to UNESCO reporting, ʺGovernments in North America and Western Europe invested the highest shares of national resources in education: 5.6 percent of GDP.ʺ As a result, we would expect ,_________ all else held constant.
A) lower research and development spending and lower economic growth unless the governments can raise taxes.
B) lower saving rates and slower economic growth.
C) higher economic growth rates in these countries compared to other countries
D) lower economic growth rates in the countries because fewer resources can be devoted to innovation.
Correct Answer:
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