Macro - increase in government spending

Question 1

KAA 1

Answer 1

K - economic growth
An - gov spending on infrastructure, shift out of LRAS
Ap - HS2

Question 2

Eval 1

Answer 2

time period and budget. HS2 cut short due to budget problems

Question 3

KAA 2

Answer 3

K - improved current account
An - innovation can lower costs and increase efficiency which results in lower prices and more global competitiveness
Ap -

Question 4

eval 2

Answer 4

opportunity cost with spending possibly being spent on education etc.