A government announces its new fiscal budget. Which of the following outlays would be classified as capital expenditure?
The payment of winter fuel allowances to low-income households.
The construction of a series of regional diagnostic clinics and the procurement of their medical imaging machinery.
The salaries and pension contributions paid to newly qualified nurses working in state hospitals.
The annual interest payments made by the treasury to service outstanding government bonds.
68 exam-style questions on OCR A Level Economics Fiscal policy. Each one has a worked solution and a mark scheme showing where the marks go.