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Question

State whether the following statements are True or False.
Economic planning aims at accelerating the growth rate of the economy.

A
True
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B
False
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Solution

The correct option is A True

Economic planning refers to a mechanism which is focused on the allocation of resources in an efficient manner. Also, it aids us to achieve consistency among different economic objectives. Hence, it aims at accelerating the growth rate of the economy.

Thus, the correct answer is A.


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