A developing country experiencing frequent macroeconomic shocks decides to adopt a 3-year rolling plan instead of a traditional 5-year fixed medium-term plan to guide its national development strategies. Which of the following features represents the essential operational difference of a rolling plan compared to a fixed plan?
- It continuously extends the planning horizon by adding one year at the end of each annual review while revising current targets based on economic performance.Cevap
- BIt sets non-negotiable targets for a long-term horizon of 15 to 20 years without making any periodic modifications during the planning cycle.
- CIt abolishes central government resource allocation and leaves all public investment decisions entirely to free market price mechanisms.
- DIt operates as an imperative directive legally binding on private enterprises while fixed plans rely purely on indicative recommendations.
Cevap
A rolling plan continuously extends the planning horizon by adding a new year at the end of each annual evaluation while revising existing targets according to macroeconomic developments.
The defining feature of a rolling plan is its continuous adjustment mechanism: as each year completes, the plan is reviewed, adjustments are made for unforeseen economic changes, and a new year is added to keep the plan's duration constant over time.
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Features and Mechanics of Rolling vs. Fixed Economic Plans