In regard to public and political opinion_________________?
Correct answer: D. political opinion is all opinions expressed on political issues
- A. they are the same
- B. public opinion is limited to few issues
- C. political opinion deals with all matters
- D. political opinion is all opinions expressed on political issues
Explanation
Public opinion is the broader set of views held by the public, whereas political opinion specifically concerns views expressed about political issues. Thus option d gives the relevant distinction.
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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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