Analysis of expenditure on education from macro perspective.
Government Provision of Education
(a) Explain how might there be an rise in total spending on a child's education in response to providing a fixed level of education?
(b) How might there be a ‘crowd-out' effect from government intervention in the form of providing a fixed level of education?
If increased spending leads to a higher level of quality in education, why might there be no change in the quality of education as result from the government provision of a fixed amount of education