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Download full textCampbell, Sheila; Tawil, Natalie – Congressional Budget Office, 2013
The federal government pays for a wide range of goods and services that are expected to be useful some years in the future. Those purchases, called investment, fall into three categories: physical capital, research and development (R&D), and education and training. There are several economic rationales for federal investment. It can provide…
Descriptors: Federal Government, Federal Aid, Investment, Grants
