YEAR 12 ECONOMICS SECOND TERM UNIFIED TEST

What is an economic development plan?

• A plan to increase economic growth

• A plan to reduce poverty

• A plan to achieve economic stability

• All of the above

Who is responsible for implementing an economic development plan?

• Government

• Private sector

• Non-governmental organizations

• All of the above

What is the main objective of an economic development plan?

• To increase economic growth

• To reduce poverty

• To achieve economic stability

• To promote economic development

What are the key components of an economic development plan?

• Economic growth, poverty reduction, and economic stability

• Economic growth, poverty reduction, and human development

• Economic growth, economic stability, and human development

• Poverty reduction, economic stability, and human development

How is an economic development plan implemented?

• Through government policies and programs

• Through private sector investment

• Through non-governmental organizations

• All of the above

What is the role of the government in implementing an economic development plan?

• To provide funding

• To provide infrastructure

• To provide policies and regulations

• All of the above

What is the role of the private sector in implementing an economic development plan?

• To provide funding

• To provide investment

• To provide jobs

• All of the above

What are the benefits of an economic development plan?

• Increased economic growth

• Reduced poverty

• Improved human development

• All of the above

What are the challenges of implementing an economic development plan?

• Limited funding

• Limited infrastructure

• Limited human resources

• All of the above

How can an economic development plan be evaluated?

• Through economic indicators

• Through social indicators

• Through environmental indicators

• All of the above