Ranking Countries by Spending on Education An educated workforce is vital to a countryâ€™s economic performance and well-being. Therefore almost every countryâ€™s desire is to have an educated workforce. As a result educational spending is a good starting point to assess how well-educated a country is. There are different ways to evaluate spending on education, such as spending as a percent of GDP or the actual typical amount spent per student. Spending as a percent of GDP can be a misleading indicator, especially when the GDP is disproportionately small or large. Therefore the actual typical amount spent may be a better measure. In this connection, 1-which of the following countries is not among the top 4 countries in the world in spending on education? 1. United Kingdom, 2. United States, 3. Norway, 4. Switzerland. 2-In terms of spending as a share of GDP, which of the following African countries has an education spending rate of more than 12 percent. 1. Ghana, 2. Lesotho, 3. Burundi, and 4.South Africa. ANSWERS 1. Although also with a significantly high amount of spending per kid, the United Kingdom is the country not among the top four in the world in spending on education. 2. Lesotho is the African country with the highest percent of spending on education as a share of GDP.
Posted: Jan 26th, 2016 @ 08:44:39 AM