real life examples to use in essays

Question 1

macro- spending in 2015 stats

Answer 1

total gov spending in 2015 was £745 billion
43% was gdp
spending on education and healthcare was 22% of gdp
£50 was capital spending

Question 2

Initiatives like “Skill India” aim to train millions of workers for high-demand industries like IT and manufacturing.

Question 3

Japan-Strategic support for the automotive and electronics industries helped companies like Toyota and Sony achieve global dominance.

Question 4

China: Targeted support for industries like electric vehicles and renewable energy has made it a leader in those fields.

Question 5

long run phillips curve type shit u got this girl power woop

Answer 5

SSPs are thought to be able to reduce the NRU (NAIRU) by shifting the LRPC to the left (opposite shift to LRAS).

This results in lower inflation rates to be associated all rates of unemployment.

This could explain why the Rate of unemployment fell consistently in the UK in the 1993-2008 without causing any rise in inflation.