GMAT Sentence Correction (SC) | Re: According to a study by a prominent think tank, the defense

According to a study by a prominent think tank, the defense budget of Country X might, in five years time, fund more than 70 billion dollars annually for research and development, <u>equivalent to private grants.</u>

a) equivalent to private grants.
b) equivalent to that which is provided by private grants.
c) equal to what private grants provide.
d) as much as private grants.
e) as much as private grants provide.