productivity and growth 1

Answer the following questions:

– What is the relevance of research and development to an economy’s productivity? Among major economies, how does the United States rank in R&D spending as a share of the GDP?

– Define industrial policy. What are some arguments for and against industrial policy?

In addition your answers must prescribe to APA format.. You must submit a cover page, each question in a page by itself, and your references page must be also in a page by itself. And, please do not forget to reference your in-text.