Question

Which of the following is a normative statement?

1. Government has grown too large and should be reduced.
2. The rate of inflation has increased.
3. Government is subject to the same rules as all other institutions.
4. The money supply grew by 3% last year.

Answer 1

1. Government has grown too large and should be reduced.

Step-by-step explanation:

The normative statement is an economic statement that means expressing judgments or value.