Policy makers in the Canadian government have long tried to write laws that encourage growth in per capita real GDP. These laws typically do one of three things:
a. They encourage firms to invest more in research and development in order to boost technology.
b. They encourage individuals to save more in order to boost the physical capital stock.
c. They encourage individuals to invest more in education in order to boost the stock of human capital.
For each of the above three points, name a law or government program with that intention.
Instructions: You may select more than one answer.
a. They encourage firms to invest more in research and development in order to boost technology.
Health savings accounts.
Government-provided student loans.
Grants from National Science Foundation.
529 education savings accounts.
Lower tax rates on income earned through savings.
Grants from National Institute of Health.
Tax credits for R&D costs.
Education subsidies for veterans.
Government grants patents for inventions.
Retirement savings plans.
Establish a system of public schools and universities.
b. They encourage individuals to save more in order to boost the physical capital stock.
Health savings accounts.
Government grants patents for inventions.
Retirement savings plans.
Establish a system of public schools and universities.
Grants from National Institute of Health.
Government-provided student loans.
Education subsidies for veterans.
Grants from National Science Foundation.
Tax credits for R&D costs.
529 education savings accounts.
Lower tax rates on income earned through savings.
c. They encourage individuals to invest more in education in order to boost the stock of human capital.
Government grants patents for inventions.
Tax credits for R&D costs.
Grants from National Institute of Health.
Grants from National Science Foundation.
Lower tax rates on income earned through savings.
Retirement savings plans. Health savings accounts.
529 education savings accounts.
Establish a system of public schools and universities.
Government-provided student loans.
Education subsidies for veterans.
Policy makers in the Canadian government have long tried to write laws that encourage growth in per capita real GDP. These laws typically do one of three things:
a. They encourage firms to invest more in research and development in order to boost technology.
b. They encourage individuals to save more in order to boost the physical capital stock.
c. They encourage individuals to invest more in education in order to boost the stock of human capital.
For each of the above three points, name a law or government program with that intention.
Instructions: You may select more than one answer.
a. They encourage firms to invest more in research and development in order to boost technology.
Health savings accounts.
Government-provided student loans.
Grants from National Science Foundation.
529 education savings accounts.
Lower tax rates on income earned through savings.
Grants from National Institute of Health.
Tax credits for R&D costs.
Education subsidies for veterans.
Government grants patents for inventions.
Retirement savings plans.
Establish a system of public schools and universities.
b. They encourage individuals to save more in order to boost the physical capital stock.
Health savings accounts.
Government grants patents for inventions.
Retirement savings plans.
Establish a system of public schools and universities.
Grants from National Institute of Health.
Government-provided student loans.
Education subsidies for veterans.
Grants from National Science Foundation.
Tax credits for R&D costs.
529 education savings accounts.
Lower tax rates on income earned through savings.
c. They encourage individuals to invest more in education in order to boost the stock of human capital.
Government grants patents for inventions.
Tax credits for R&D costs.
Grants from National Institute of Health.
Grants from National Science Foundation.
Lower tax rates on income earned through savings.
Retirement savings plans. Health savings accounts.
529 education savings accounts.
Establish a system of public schools and universities.
Government-provided student loans.
Education subsidies for veterans.
