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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?

  1. A50
  2. B500
  3. C750
  4. D800

As printed in the paper

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Correct answer: B. 500

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