Ealuate the microeconomic and macroeconomic effects of policies that could be used to stimulate economic growth and development in Chile

Edexcel A-Level Economics Paper 3 June 2017 Insert

With reference to the information provided and your own knowledge, evaluate the microeconomic and macroeconomic effects of policies that could be used to stimulate economic growth and development in Chile. (25 marks)

Plan

• Paragraph 1
  • Argument: one microeconomic policy to stimulate growth and development could be to subsidise energy
  • Diagram: subsidies diagram, falling costs diagram
  • Evaluation:
• Paragraph 2
  • Argument: one macroeconomic policy to stimulate growth and development could be protectionism
  • Diagram: tariffs diagram
  • Evaluation: takes time to develop a comparative advantage

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