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makers in the U.S. government have long tried to write laws that encourage growth in per capita real GDP. These laws a. They
a. They encourage firms to invest more in research and development in order to boost technology Establish a system of public
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c. They encourage individuals to invest more in education in order to boost the stock of human capital. Government grants pat
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Answer #1

A.

Government grants patents for inventions

grants from national institute of health

Tax credit for R&D cost

Grants from national science foundation

Above grants and benefits reduce the burden of R&D cost and encourage innovation.

B.

Lower tax rates on income earned through savings

529 education savings account

Health savings account

Retirement savings plan

Above plans encourage people to save.

C.

Education subsidies for veterans

Establish a system of public school & universities

Government provided student loans

Above initiatives facilitate education and create of human capital.

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