Education expenditure by the government is expressed as a percentage of _______.

total government expenditure

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gross domestic product

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total revenue of government

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none of these

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Solution

The correct options are
A total government expenditure
B gross domestic product
Education expenditure is expressed as a percentage of total government expenditure/total government expenditure. It is expressed as how much of the total income is being committed to the development of education in the country. GDP is a monetary measure of the market value of goods and services produced over the year in the country or the total expenditure on goods and services over the year or government expenditure.

Suggest Corrections

Similar questions

How is the government expenditure on education expressed? Which in your opinion is a better measure?

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(i) Construction of school-building is a revenue expenditure of the government.

(ii) Gift tax is a capital receipt.

(iii) Dividends on investment made by government is a revenue receipt.

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