Economics 9708 · AS & A Level · Aggregate demand and aggregate supply

Aggregate demand and aggregate supply — practice question

The table lists categories of annual government spending. $ million: army pay 35; civil servants’ salaries 125; farming subsidies 15; pension payments 75; welfare benefits 50. What is the total amount of government spending on transfer payments?

  • A$50 m
  • B$125 m
  • C$175 m
  • D$300 m

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