1. 5.The Organisation for Economic Co-operation and Development (OECD) publishes data that ranks countries based on their spending on research and development (R&D) by residents as a share of GDP. Go online and find a recent ranking, then answer the following questions. (Total marks = 12)
2. What is R&D, and what is its significance? (2 marks)
3. In a table, list four countries with high shares of expenditure on R&D and four countries with low shares. Note: show the share for each country in the table. (2 marks)
4. 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. (2 marks)
5. What pattern do you find between the share of R&D spending and GDP per capita? (3 marks)
6. Give two possible interpretations of the pattern in (d). (3 marks)