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.

Question

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The Answer of 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.

Classify the Following as Positive Economics Statements or Normative Economics