A government program, social security is ?
Correct answer: C. Both a & b
- A. Economics assistance provided by social security
- B. Economic assistance to persons who faced unemployment, disability of agedness, financed by assessment of employers and employees
- C. Both a & b
- D. Nor a nor b
Explanation
Social security provides financial assistance for risks such as unemployment, disability and old age, commonly financed through contributions or assessments on employers and employees. Thus both statements are intended to describe the programme.
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Government revenue and expenditure are analysed through taxation, public borrowing, budgets, subsidies, transfers and public debt. The topic explains how fiscal policy affects resource allocation, income distribution, economic stability and growth, while distinguishing direct from indirect taxes, progressive from regressive taxation, and public goods from goods supplied by private markets.
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