Question 50
Economic Growth and DevelopmentThe primary goal of development planning in Nigeria is to
- A.increase profitability of enterprises
- B.achieve a rapid increase in the welfare and standard of living of Nigerians
- C.increase the level of gross domestic product
- D.make Nigeria a super-power.
Show the answer and explanation
Answer: B (achieve a rapid increase in the welfare and standard of living of Nigerians)
Explanation
Development plans aim mainly to raise the welfare and living standards of the people, not just output or profits.