2006-09-11 07:54:46 · 8 answers · asked by skylark z 1 in Social Science ➔ Economics
Education expenditures are considered to be consumption by national accountants when computing GDP statistics. This has long been a source of debate, because it can also be seen as investment in human capital.
2006-09-11 08:10:07 · answer #1 · answered by NeFaRIouS 2 · 0⤊ 0⤋
Under the current national income accounting rules (which were by and large developed by 1925), it is classified as consumption. There were some attempts to reclassify education as investment and restate U.S. national income data (Business Week ran an article about it this back in February).
2006-09-11 10:54:24 · answer #2 · answered by NC 7 · 0⤊ 0⤋
It depends on who's pocket the money is coming out of and who is being educated, and how.
If the money comes out of my pocket to educate a bunch of minds full of mush that a government program is the solution to every problem then its consumption.
If the money comes out of the pocket of the person being educated and they intend to use the education to make a better living then it is an investment. That would be a good system for paying for education. We could call it pay as you go, or pay your own way.
2006-09-11 15:27:08 · answer #3 · answered by Roadkill 6 · 0⤊ 1⤋
It is an investment for most people..
For a few, it is simply a consumption / waste of time / something they were forced to do but will never use....
2006-09-11 07:58:57 · answer #4 · answered by Anonymous · 0⤊ 1⤋
Unless you're majoring in art history, it should fall under investment.
If you're talking high school and below, it typically falls under government expenditure (I assume you're looking at GDP here).
2006-09-11 17:23:55 · answer #5 · answered by intelbarn 3 · 0⤊ 1⤋
attempt this reality- interior the perfect 30 years inflation has risen merely below one hundred fifty% even as college training has risen over four hundred%. it really is authentic for Louisiana colleges and that i'd trust that one and all States will be similar.
2016-10-16 00:09:47 · answer #6 · answered by sherie 4 · 0⤊ 0⤋
Depends on your perspective, but like all actions, the answer is dependent on a cost/benefit analysis.
2006-09-11 07:58:05 · answer #7 · answered by Anonymous · 0⤊ 1⤋
Depends on the major ;)
2006-09-11 07:56:40 · answer #8 · answered by kheserthorpe 7 · 0⤊ 1⤋