The numbers of PACs ?
Correct answer: D. increased nearly sevenfold since 1974
- A. doubled since 1974
- B. tripled since 1074
- C. quadrupled since 1974
- D. increased nearly sevenfold since 1974
Explanation
The number of political action committees increased to nearly seven times its 1974 level, reflecting the growth of organized political influence over public policy. Option b also contains an apparent date error, stating 1074 instead of 1974.
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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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