What does it mean to evaluate an economic policy?

Evaluating an economic policy means looking closely at how well that policy works and what effects it has on people and the economy. To evaluate, you need to consider both the goals of the policy and the results it produces. For example, if a government introduces a new tax to help fund schools, you would check if the tax raised enough money and if it improved education quality. This involves analyzing data, considering different viewpoints, and thinking about any unintended consequences. By doing this, you can decide if the policy is effective or if it needs to be changed.