Evaluate the microeconomic and macroeconomic effects of increased government spending on education to promote healthy eating in the UK

Edexcel A-Level Economics Paper 3 June 2019 Insert

Evaluate the microeconomic and macroeconomic effects of increased government spending on education to promote healthy eating in the UK. (June 2019)

Plan

• Paragraph 1
  • Argument: one microeconomic effect of spending money to promote healthy eating is a decrease in market failure
  • Diagram: positive externalities
  • Evaluation: government failure
• Paragraph 2
  • Argument: one microeconomic effect of spending money to promote healthy eating could be potential growth due to greater human capital.
  • Diagram: increase in LRAS
  • Evaluation: time lag and opportunity cost

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