CHAPTER . MEASURES OF NATIONAL EFFORTAND DISTRIBUTION OF TIRE EDUCATIONALINVESTMENT
1. Per Capita National Income and Percentage of National Income Spent for Education
The items of expenditure from the national income are roughly
classified as private consumption, saving, and taxation. Of these items, taxes
collected are spent partly for educational purposes by the national government
and local public bodies. Further, private consumption expenditure includes direct
expenses incurred for education. Although the relative weight of the educational
investment in the total national economy should give consideration to the amounts
of private consumption expenditure and savings, only the percentage of the national
income which the national government and local public bodies have devoted to
education will be examined.