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Research and Development Satellite Account, 2010

Daily newsbrief journal for June 2010
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Research and Development Satellite Account, 2010

Postby admin » Wed Jun 30, 2010 6:33 pm

Research and Development Satellite Account, 2010
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 2010 R&D Satellite Account updates and extends BEA's estimates of the effect of R&D on economic growth through 2007, and now includes coverage of the most recent business cycle expansion.
http://www.bea.gov/newsreleases/general ... elease.htm
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