Which of the following is a normative statement?

1. Government has grown too large and should be reduced.

2. The rate of inflation has increased.

3. Government is subject to the same rules as all other institutions.

4. The money supply grew by 3% last year.

Question

Keaton Mcbride

Business

17 December, 15:40

Which of the following is a normative statement?

1. Government has grown too large and should be reduced.

2. The rate of inflation has increased.

3. Government is subject to the same rules as all other institutions.

4. The money supply grew by 3% last year.

+1

Answers (1)

Know the Answer?

Christopher Arnold · Answer 1

1. Government has grown too large and should be reduced.

Explanation:

The normative statement is an economic statement that means expressing judgments or value.

Which of the following is a normative statement?1. Government has grown too large and should be reduced.2. The rate of inflation has increased.3. Government is subject to the same rules as all other institutions.4. The money supply grew by 3% last year.

Which of the following is a normative statement?

1. Government has grown too large and should be reduced.

2. The rate of inflation has increased.

3. Government is subject to the same rules as all other institutions.

4. The money supply grew by 3% last year.