Explain which of the following is a positive or a normative

Explain which of the following is a positive or a normative statement.

(a). Like Los Angeles, the minimum wage rate across the counry should be $15 per hour.

(b). According to a survey, the average salaries of fortune 500 CEOs is approximately $16 million per year.

(c). After the Great Recession the unemployemt rate has gradually declined and it is around 5% now.

(d). Most Americans think the inflation rate should not exceed 2 per cent.

Solution

First two statement are normative and last two are positive

First two statement provides a generalized picture of the situation and shows that the wage or salary are generally this much.

Last two statement shows positiveness. It shows that even after recession the unemployment rate has decreased to 5 percent and inflation rate should not increase 2%. These are positive sentence