What is called the amount of non-military foreign aid which a country received ?
Correct answer: B. Official Development Assistance (ODA)
- A. Grands
- B. Official Development Assistance (ODA)
- C. Foreign aid
- D. Friendly aid
Explanation
Official Development Assistance, or ODA, is government-provided foreign aid on concessional terms for economic development and welfare, and it is generally non-military. The broader term foreign aid can include assistance outside the specific ODA classification.
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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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