Asked by Chrisstin Jones on Jun 24, 2024
Verified
The statement "the unemployment rate is 5.1%" is an example of a
A) positive statement.
B) value judgement.
C) normative statement.
D) non-verifiable statement.
Positive Statement
An objective statement based on empirical facts, which can be tested as true or false.
Unemployment Rate
The rate of individuals in the labor force who have no employment but are actively trying to find a job.
- Differentiate between positive and normative economics.
Verified Answer
AD
Aidid DannielJun 24, 2024
Final Answer :
A
Explanation :
A positive statement is one that can be tested and validated against facts. The statement "the unemployment rate is 5.1%" is a factual claim about the world that can be verified with data, making it a positive statement.
Learning Objectives
- Differentiate between positive and normative economics.
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