WAEC 2015 Economics · Question 14

A concious effort of government to achieve a specific set of goals is?

Options

  1. A.economic planning
  2. B.economic development
  3. C.economic growth
  4. D.economic target

Answer: A. economic planning

Explanation written with AI and checked against the answer key

Step 1: Analyze the question The question asks for the term describing a conscious effort by government to achieve a specific set of goals. The key phrases are "conscious effort" and "specific set of goals."

Step 2: Explain the concepts

  • Economic planning: A deliberate, systematic effort by government to coordinate and direct the use of national resources to achieve set objectives (e.g., Nigeria's National Development Plans) within a given period.
  • Economic development: A sustained rise in people's standard of living, which includes better health, education, and income distribution. It is an outcome, not an effort.
  • Economic growth: An increase in a country's real output (real GDP) over time. It is also an outcome.
  • Economic target: A specific goal or figure to be reached, not the effort itself.

Step 3: Work through the options

  • A. Economic planning is a deliberate action by government toward set goals, so it fits.
  • B. Economic development is a result, not a conscious government effort.
  • C. Economic growth is a measure of output increase, not an effort.
  • D. Economic target is the goal itself, not the process of pursuing it.

Step 4: Answer The correct answer is A. economic planning.

Tip: When you see words like "conscious," "deliberate," or "systematic effort" tied to government and goals, think planning. Growth and development are results, while planning is the process.

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