Question

For each sentence below, determine whether or not it is a positive or normative statement. For...

For each sentence below, determine whether or not it is a positive or normative statement. For full credit, briefly explain your answer for each sentence.

A. Cyclical unemployment is the worst type of unemployment.

B. In the United States, Investment (I) is the largest category of calculating GDP using the expenditure approach.

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Answer #1

A positive statement is a statement that states "What is", is objective and factual in nature and lends itself to validation. A normative statement is subjective and judgmental. Therefore:

(A) Normative

Since classification of the "Worst type" of unemployment is subjective in nature, this statement is normative.

(B) Positive

US GDP data will include the values of GDP and components of GDP, therefore the statement that Investment is the biggest component is a factual statement that can be validated from existing data. Therefore it is positive.

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