Question on: JAMB Economics - 1994
Every economy requires an accurate census because it assist in?
A
solving inflation problem
B
providing a sound framework for policy formulation
C
stimulating economic activities in the national economy
D
solving unemployment problem
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Correct Option: B
A census provides detailed information about a country's population, including demographics, economic activities, and living conditions. This information is crucial for:
* **Policy Formulation:** Governments use census data to understand the needs of the population and design effective policies related to healthcare, education, infrastructure, and social welfare.
* **Resource Allocation:** Census data helps in allocating resources efficiently, such as determining the distribution of funds for schools, hospitals, and other public services.
* **Economic Planning:** It provides a framework for economic planning, including identifying areas for development and assessing the labor force.
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