0.64% of gdp was spent on education in india in 2000-2001.
0.64% of gdp was spent on education in india in 2000-2001.
what percent of gdp is spent on education in india in 2000-2001?
0.64%
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for example, suppose a country's gdp in 1990 was $100 million and its gdp in 2000 was $300 million. suppose also that inflation had halved the value of its currency over that period. to meaningfully compare its gdp in 2000 to its gdp in 1990, we could multiply the gdp in 2000 by one-half, to make it relative to 1990 as a base year. the result would be that the gdp in 2000 equals $300 million × one-half = $150 million, "in 1990 monetary terms." we would see that the country's gdp had realistically increased 50 percent over that period, not 200 percent, as it might appear from the raw gdp data. the gdp adjusted for changes in money value in this way is called the real, or constant, gdp.
gross domestic product