The statement in a newspaper that "consumer prices rose last month by 1 percent, and if this trend continues, the annual rate of inflation will be 12 percent for the year" is an example of A. A normative economic statement B. A positive economic statement C. Loaded terminology D. The fallacy of composition

Question

Antonio Harmon

Business

3 July, 18:56

The statement in a newspaper that "consumer prices rose last month by 1 percent, and if this trend continues, the annual rate of inflation will be 12 percent for the year" is an example of A. A normative economic statement B. A positive economic statement C. Loaded terminology D. The fallacy of composition

+3

Answers (1)

Know the Answer?

Renee Cardenas · Answer 1

B. A positive economic statement

Explanation:

Positive economic statement - These statements are dealing with facts and figures. it includes explanation about the theories that are included in the economics of the company.

some example of positive economic statement is:

- increase in the price of beer will lead to less consumption of beer than before

- the decrease in demand due to increase in price

- increase the budget of the public facility will increase the government expenditure

The positive positive economic statement is based on facts and objective