Classify the Following as Positive Economics Statements or Normative Economics

question 91

Essay

Classify the following as positive economics statements or normative economics statements.
a)An increase in an individual's income increases consumption,but by an amount less than the increase in income.
b)The government should undertake the responsibility of providing healthcare to all its citizens.
c)The government should fund infrastructure projects to foster economic development.
d)An increase in net exports has a positive effect on a country's national income.
e)The gross domestic product of India is increasing at 5 percent annually.

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Definitions:

Enumerated Powers

Specific powers granted to a government authority, often listed or numbered in a constitution or legislative document.

Congressional Powers

Congressional powers are the legal authorities granted to the United States Congress by the Constitution, including lawmaking, taxation, and oversight functions.

Article II

Often refers to the second Article of the U.S. Constitution, which outlines the executive branch of the government, or may refer to similarly numbered sections of other legal documents.

Execute Laws

The process by which government officials enforce and implement statutes and regulations.