ECONOMICS
ECONOMIC GROWTH
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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economy
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per capita
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net
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None of the above
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Detailed explanation-1: -Per capita education expenditure is the amount of expenditure done on education during the year, The highest per capita expenditure is for the state of Lakshadweep.
Detailed explanation-2: -The Economic Survey 2019-20 noted that the expenditure on education by the centre and the states as a proportion of the Gross Domestic Product (GDP) has been around 3% between 2014-15 to 2018-19. The National Policy on Education 1968 recommended the spending on Education to be 6% of GDP.
Detailed explanation-3: -Public spending on education as a share of GDP Namibia is the top country by education expenditure in the world. As of 2021, education expenditure in Namibia was 9.64 %. The top 5 countries also includes Sierra Leone, Belize, Lesotho, and Nauru.