Economics 9708 · AS & A Level · Fiscal policy

Fiscal policy — practice question

In the UK, planned public spending, apart from interest payments, is set at £679 billion for the fiscal year 2015–2016. The table breaks it down by category as follows: pensions 150, healthcare 133, education 90, defence 46, social security welfare payments 110, and other spending on goods and services 150. What total amount was allocated to transfer payments?

  • A£110 billion
  • B£150 billion
  • C£260 billion
  • D£393 billion

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