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:

Half-Life

Time it takes for one-half of an administered substance to be lost through biological processes.

Endocrine System

A collection of glands that produce hormones which regulate metabolism, growth and development, tissue function, and mood.

Exocrine Glands

Glands that release their secretions through ducts either to the external environment or into the internal organ surfaces.

Hypothalamus

A region of the brain below the thalamus that coordinates both the autonomic nervous system and the activity of the pituitary, controlling body temperature, hunger, and thirst.