Question

If the government has an extra 5billion to spend on healthcare or education over the next 2 years and chooses to spend it on healthcare, then the real cost of this decision is:(a): 2.5 billion per year of extra spending.(b): 5 billion spent on healthcare.(c): 5billion spent on healthcare divided by the size of the population.(d): 5 billion not spent on education.

Answer 1

Answer:

If the government has an extra £5billion to spend on healthcare or education over the next 2 years and chooses to spend it on healthcare, then the 'real cost' of this decision is:

£5billion spent on healthcare divided by the size of the population. £5 billion not spent on education.