The Vandorian national debt has risen as a result of targeted government funding to restructure the economy towards advanced biotechnology and sustainable farming, following a structural decline in traditional heavy mining.
The Minister for Agriculture and Innovation recently announced a £5.2bn package designed to modernise primary and secondary production, retrain former mining workers, and secure long-term productivity gains. Key elements of this program include:
Extract A refers to a number of 'Green-Agri & Biotech Transition' initiatives announced by the Vandorian government.
Using an appropriate diagram, explain what impact this is likely to have on long-run economic growth in Vandoria.
37 exam-style questions on OCR A Level Economics Supply side policy. Each one has a worked solution and a mark scheme showing where the marks go.