The following chart and accompanying text are reproduced from the "Why Australia: Benchmark Report 2021" prepared by Australian Trade Commission, Australian Government. "A big spender on research and development: Australia's annual gross domestic expenditure on research and development (GERD) reached A$34 billion in 2018-19. This places Australia alongside the UK, Singapore and France as one of the highest spenders on research and development (R&D). Australia's trend in R&D is upwards. GERD rose by around 7% per year from 2000-01 to 2018-19 and it now represents 1.8% of Australian GDP. This creates a pool of skilled researchers who are globally competitive." (i) Discuss the purpose of Chart 1 and critically assess how well it meets this purpose. (3 marks) (ii) Would you recommend that the data be presented in a different way? If not, why not? If so, explain how you would present the data in a better way. (2 marks) Activate Windows Go to Settings to activate Windo CHART 1: World of research and development Size of circle reflects the relative amount of annual gross domestic expenditure on R&D (GERD) in US$ current prices and purchasing power parity terms Number of researchers per 1,000 employees 18.0 16.0 12.0 8.0 4.0 0.0 0.0 Mexico Indonesia Russia South India Africa 1.0 New Zealand Canada Turkey Spain Brazil UK Italy Singapore Australia Netherlands 2.0 France China US 3.0 Germany Sweden Taiwan Japan Gross domestic expenditure on R&D as a percentage of GDP Regions BRICS North America EU Other OECD members Other countries 4.0 Korea GERD US$ current prices (PPP terms) < 20 billion 20 billion to 100 billion >100 billion Notes: GERD % of GDP and GDP Values (PPP) refer to 2018 except for Australia, New Zealand and Brazil (2017), and South Africa (2015). Researcher figures refer to 2018 except for Australia (2010), Brazil (2014), Mexico and South Africa (2016), US, Canada and New Zealand (2017). All data were sourced from OECD Dataset: Main Science and Technology Indicators except for Brazil, India and Indonesia from the UNESCO Institute for Statistics (US). Sources: Organisation for Economic Co-operation and Development, 2020, OECD Dataset: Main Science and Technology Indicators; United Nations Educational, Scientific and Cultural Organization, 2020, UIS Statistics; Austrade 5.0