The current level of expenditure on education as a proportion of GDP is about 4 percent. State true or false.
True
False
The current level of expenditure on education as a proportion of GDP is about 4 percent.
Both nominal and real GDP increase with the rise in the price level. State true or false.
Do you think the current level of education expenditure is inadequate? Why?
Real GDP is always larger than real GDP per capita. State true or false.