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What is the desired level of public expenditure on education? - Economic Applications

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Question

What is the desired level of public expenditure on education?

Short Answer
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Solution

The desired level of public expenditure on education is 6 percent of GDP. The government has been promising this target for decades, but actual expenditure remains lower, around 3.8 percent of GDP. This investment is crucial for improving the quality of education and access.

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Chapter 11: Social Infrastructure - QUESTION BANK [Page 153]

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J. P. Goel and Kaushal Goel Economic Applications [English] Class 9 ICSE
Chapter 11 Social Infrastructure
QUESTION BANK | Q 8. | Page 153
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