... that related to national defense. In 1995, total U.S. R&D expenditures (business plus government) were $179 billion. This amount was about 2.5 percent of U.S. GDP and is a reasonable measure of the emphasis an economy puts on technological advance. American manufacturers and businesses spent $132 billion on R&D in 1995. U.S. firms collectively channeled 74 percent of their R&D expenditures to "development" (innovation and ... industry tops $2 million. 2000 IBM Corporation introduced the world's most powerful computer. IBM says its massive "ASCI White" computer can perform 12 trillion c...

• Word Count: 5057
• Approx Pages: 20
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• Grade Level: Undergraduate