Economic Planning Objectives

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Questions and Answers

What is the most accurate description of an economic plan?

  • A specific set of quantitative economic targets to be reached in a given period of time, with a stated strategy for achieving those targets (correct)
  • A detailed analysis of past economic performance without future projections
  • A specific set of qualitative economic targets to be reached in a given period of time, with a stated strategy for achieving those targets
  • A general outline of economic goals without specific targets or strategies

What distinguishes an economic plan from other economic strategies?

  • It primarily involves short-term goals without long-term planning
  • It is a broad vision for the economy without specific goals or strategies
  • It includes both quantitative targets and a stated strategy for achieving them (correct)
  • It focuses solely on qualitative targets without any quantitative measures

What is a key feature of an economic plan?

  • It outlines specific quantitative economic targets and the approach for attaining them within a defined timeframe (correct)
  • It provides general guidance on economic policies without specific objectives or strategies
  • It primarily looks at historical economic trends rather than future projections
  • It focuses on qualitative social goals rather than economic targets

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