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Economics (AS & A Level) · Feb / March 2021 · Paper 12 · Question 15

9708Addressing income and wealth inequality

What would be a transfer payment?

  1. Athe payment made by a company to its shareholders out of its profits
  2. Bthe payment made for a legal document to transfer ownership of a house
  3. Cthe payment made to a retired person in the form of a pension
  4. Dthe payment made to a professional sports team for the transfer of a player

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Correct answer: C. the payment made to a retired person in the form of a pension

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