A-LevelEconomicsGovernment microeconomic intervention9708/12 · May/June 2014 · Q171 Mark
The table shows the results of a cost-benefit analysis into the building of a new airport. [Table showing costs USm and benefits USm for private and external categories]
This question uses a diagram from the original paper, which isn't shown here. Open the full paper from the past papers archive to see it.
AThe net external benefit is US$5 million.
BThe net private benefit is US$25 million.
CThe net social benefit is US$105 million.
DThe net social benefit is US$145 million.
✓ Correct answer
B: The net private benefit is US$25 million.
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