Which of the following is an example of a 'transfer payment'?

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A transfer payment is a payment made by a government to an individual or a household, without any goods or services being received in return. An unemployment benefit is an example of a transfer payment as the government is providing financial assistance to an individual without receiving any goods or services from that individual in return. Option A is not a transfer payment as the teacher is providing a service to the government in return for the payment. Option C is an interest repayment on a loan and is not a transfer payment. Option D is the purchase of a government office block which is a capital expenditure, not a transfer payment.

Which of the Following Is an Example of a 'Transfer