Which of the Following Is a Normative Economic Statement

question 89

Multiple Choice

Which of the following is a normative economic statement?

• A)The poverty rate hit a new high last year and income inequality also increased.
• B)Health care accounts for roughly a third of total spending in the economy.
• C)The government needs to revamp the Social Security program to make it sustainable.
• D)Retail sales are expected to continue on their downward trend in the next three quarters.

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Definitions:

Streaming Movies

The process of watching films over the internet without downloading them, provided by various online platforms.

Movie Tickets

Small documents or electronic codes that grant the holder access to view a film in a cinema.

Economic Upturn

A period of economic improvement characterized by higher levels of production, employment, and income.

Consumer Income

The total earnings of a consumer from various sources before taxes, crucial in determining spending and saving behaviors.