Economics 9708 · AS & A Level · Economic methodology

Economic methodology — practice question

Give one example of a normative statement.

  • AGovernment expenditure is an injection into the circular flow of income.
  • BGovernment expenditure in India in 2022 was 29% of gross domestic product.
  • CThe best policy measure to reduce inflation is a reduction in government expenditure.
  • DThe United States of America is the country with highest military expenditure.

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