In the United States in 2013,the Bureau of Economic Analysis began counting spending on research and development as ________,which counts as a part of GDP.

Question

Quizplus · Accepted Answer

The Bureau of Economic Analysis began counting spending on research and development as investment, which counts as a part of GDP. R&D is considered an investment because it is expected to generate future benefits in the form of new products or services, increased productivity, and higher profits.