15Taxation Public ExpenditureMedium1 markGovernments are trying to reduce the burden of transfer payments in economies with an ageing population.Which policy would help to achieve this aim?Aintroducing financial support for university studentsBlinking pension increases to the consumer price index during inflationCraising the retirement ageDreducing state pensions to finance an equal rise in unemployment benefitGrade answerSolutionGrading criteria