NECO 2004 Economics · Question 38
All the following are the objectives of economic planning EXCEPT to
Options
- A.reduce the rate of inflation and achieve stable value for the naira
- B.encourage inflow of public and private capital
- C.evolve a sequential political transition and enthronement of popular government
- D.reduce economic dependence on foreign nations
- E.achieve full employment
Answer: C. evolve a sequential political transition and enthronement of popular government
Explanation written with AI and checked against the answer key
Step 1: Analyze the question This is an "EXCEPT" question. Four options are objectives of economic planning, and one is not. We are looking for the option that has nothing to do with economics.
Step 2: The concept Economic planning is the deliberate effort by government to direct and coordinate resources to achieve set economic goals within a given period. Typical objectives include:
- Price stability (controlling inflation and keeping the currency value stable)
- Full employment and job creation
- Economic growth and higher national income
- Attracting investment (public and private capital)
- Reducing dependence on other countries
- Fairer income distribution and regional balance
- Diversifying the economy
Step 3: Check each option
- A. Reduce inflation and achieve a stable value for the naira. This is an economic objective of price and currency stability, so it is valid.
- B. Encourage inflow of public and private capital. Planning aims to raise investment and capital formation, so it is valid.
- C. Evolve a sequential political transition and enthronement of popular government. This is a political goal about how governments are formed and handed over. It is not an economic objective, so this is the exception.
- D. Reduce economic dependence on foreign nations. This is self-reliance, a classic aim of development plans, so it is valid.
- E. Achieve full employment. This is a core macroeconomic objective, so it is valid.
Step 4: Answer
Exam tip: In "EXCEPT" questions, look for the option from a different field. Here, "political transition" and "popular government" are Government or Civic Education terms, not Economics terms.
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