Government spending on teachers and university lecturers is counted in GDP figures as:

Question

Quizplus · Accepted Answer

Government spending on teachers and university lecturers is considered a part of public consumption expenditure, which is a component of GDP that reflects the government's spending on goods and services that benefit the public. This spending is seen as a vital investment in the economy and is not considered a transfer payment, which is a payment made by the government to individuals or businesses without any goods or services being exchanged. Additionally, it is not counted as private consumption expenditure since it is not a product or service purchased by individual consumers. Thus, the correct answer is C, public consumption expenditure.

Government Spending on Teachers and University Lecturers Is Counted in GDP