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1. The Organisation for Economic Co-operation and Development (OECD) publishes data that ranks countries based on their spending on research and development by residents as a share of GDP. Go online and find a recent ranking, then answer the following questions. What is R&D, and what is its significance?
2. In a table, list four countries with high shares of expenditure on R and D and four countries with low shares. Note: show the share for each country in the table.
3. The World Bank publishes online the GDP per capita (constant base-year US$) for countries. Find and report the most recent estimates of GDP per capita of the countries in (b) above.
4. What pattern do you find between the share of R-D spending and GDP per capita?
5. Give two possible interpretations of the pattern in (d).
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