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Which Statement Is Correct

question 32

Multiple Choice

Which statement is correct?


Definitions:

Output

The total amount of goods or services produced by a company, sector, or economy.

Normative Questions

Questions that address what should be, focusing on value judgments and opinions rather than empirical facts.

Value Judgments

Assessments or opinions based on individual beliefs about what is important or desirable, often influencing decisions and policies.

Positive Economic

Refers to an approach or analysis based on factual data and observable outcomes, without subjective judgments or opinions influencing the conclusions.

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