The U.S. Bureau of Economic Analysis (BEA) has issued the following news release today:
Gross Domestic Product (GDP) would have been, on average, 2.7 percent, or $301.5 billion higher between 1998 and 2007 if research and development (R&D) spending was treated as investment in the U.S. national income and product accounts, the Bureau of Economic Analysis (BEA) announced today.
The full text of the release on BEA's Web site can be found at
http://www.bea.gov/newsreleases/general ... elease.htm