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What does capital expenditure fund?
A
Capital expenditure covers interest payments on government debt and repayments to bondholders.
B
Capital expenditure pays recurring costs such as public-sector wages, medicines and office supplies.
C
Capital expenditure provides cash benefits such as pensions, Universal Credit and housing benefit.
D
Capital expenditure buys long-lasting assets such as roads, hospitals and school buildings.
Card 1 of 26
4.5.1 Public expenditure Flashcards
26 flashcards on Edexcel A A Level Economics 4.5.1 Public expenditure: the key terms, economic models and case studies you need to recall for Paper 1, Paper 2 and Paper 3.