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Which of the following items is not considered as a transfer payment?

Economics
WAEC 2019

Which of the following items is not considered as a transfer payment?

  • A. Pension pay
  • B. Government subsidy
  • C. Students' grant
  • D. Doctor's salary
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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Correct Answer: Option D
Explanation

Transfer payment is any payment made by a government in which no goods or services are being paid for. They include welfare, financial aid, social security, and government subsidies for certain businesses. From the options above, doctors' salaries are a service paid for.


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WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709
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NECO June/July 2024 - Get offline past questions & answers - Download objective & theory, all in one app 48789
WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709
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NECO June/July 2024 - Get offline past questions & answers - Download objective & theory, all in one app 48789
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