Economics (AS & A Level) · May / June 2021 · Paper 13 · Question 18
9708Fiscal policy
Government spending for a year includes these items. | | $m | |---|---| | pensions for elderly people | 200 | | welfare payments to sick people | 200 | | spending on hospitals | 150 | | payment to unemployed workers | 100 | | defence spending | 100 | | teachers' salaries | 50 | What is the total of transfer payments by this government in $m?
- A50
- B500
- C750
- D800
As printed in the paper
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Correct answer: B. 500
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