Household spending on education is included in a. consumption, although it might be argued that it would fit better in investment. b. investment, although it might be argued that it would fit better in consumption. c. government spending, based on the fact that most higher-education students attend publicly-supported colleges and universities. d. None of the above is correct; in general, household spending on services is not included in any component of GD

Question

Social Studies

Kristian Hudson

30 August, 09:27

Household spending on education is included in a. consumption, although it might be argued that it would fit better in investment. b. investment, although it might be argued that it would fit better in consumption. c. government spending, based on the fact that most higher-education students attend publicly-supported colleges and universities. d. None of the above is correct; in general, household spending on services is not included in any component of GD

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Sarah May · Answer 1

Answer: The correct answer is A: Consumption, although it might be argued that it would fit better in investment.

Explanation:

It might be argued that it would fit better in investment because through education, people acquire knowledge, abilities and skills which are essential to have a better income earning. That's how someone would get benefits from the investment made.