Which of the following ways is used to express the expenditure by the government towards educa...........

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Which of the following ways is used to express the expenditure by the government towards education?

1.As a percentage of ‘total government expenditure’

2.As a percentage of Gross Domestic Product (GDP).

Select the correct answer using the code given below

1 only

2 only

Both 1 and 2

Neither 1 nor 2

Explanation:

·This expenditure by the government towards education is expressed in two ways (i) as a percentage of ‘total government expenditure’ (ii) as a percentage of Gross Domestic Product (GDP). The percentage of ‘education expenditure of total government expenditure’ indicates the importance of education in the scheme of things before the government. The percentage of ‘education expenditure of GDP’ expresses how much of our income is being committed to the development of education in the country.