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Q.

Transfer payment includes?

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a

Tax payments

b

Old age pension

c

All of the above.

d

Consumer's debt interest

answer is A.

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Detailed Solution

Examples of transfer payments include old-age pensions, social security benefits, unemployment benefits, welfare payments, and other types of government subsidies or grants.

So, the correct answer is (a) "old age pension," as it is a transfer payment.

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