The percentage of education expenditure of GDP expresses _____.
A
the importance of education in the scheme of things before the government
No worries! We‘ve got your back. Try BYJU‘S free classes today!
B
how much of our income is being committed to the development of education in the country
Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
C
both A and B
No worries! We‘ve got your back. Try BYJU‘S free classes today!
D
none of these
No worries! We‘ve got your back. Try BYJU‘S free classes today!
Open in App
Solution
The correct option is A how much of our income is being committed to the development of education in the country 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.