Which of the following is a normative statement?
A) The Gross Domestic Product is the dollar value of all goods and services produced in a country in a year.
B) Fiscal policy is determined by the Congress and the president.
C) Tax cuts ought to be enacted for the good of the economy.
D) Monetary policy is determined by the Federal Reserve System.

Question

Quizplus · Accepted Answer

A normative statement is a statement that expresses an opinion or judgment and is subjective. Choice C expresses a subjective opinion on what should be done for the good of the economy. Choices A, B, and D are descriptive statements that state facts and are objective.

Which of the Following Is a Normative Statement