What is comprised by public sector ?
Correct answer: D. All of them
- A. Public corporations
- B. Central and local government.
- C. Nationalized industries
- D. All of them
Explanation
The public sector includes government at central and local levels as well as public corporations and nationalized industries. Since all three listed categories belong to it, the inclusive option is correct.
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About Public Finance
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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