Question

Would government spending on education increase or decrease economic growth? What if this spending was financed through borrowing?"

Answer 1

Answer:

When the government decreases taxes, disposable income increases. That translates to higher demand (spending) and increased production (GDP). To dampen economic growth and inflationary pressure, the government can increase taxes and keep spending constant, or decrease spending and keep taxes constant.

Answer 2

Answer:

it is increasing because of our growing modern world. all the schools becoming advanced nowadays. the classroom were converting into e-classrooms.

no , such large expenditure or spending cannot be financed through borrowing. but due to this , there was increase in taxes on everything.

hope it helps...