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1.1 Economic methodology and the economic problem

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Question 13

Which one of the following statements is a positive statement rather than a normative statement?

The government should increase the top rate of income tax to 50%50\%50% to ensure a fair distribution of income.

A reduction in the top rate of income tax will increase the total tax revenue collected by the government.

It is better for a government to run a budget surplus than a budget deficit during an economic recovery.

The primary objective of fiscal policy must be to support the poorest members of society.

1.1 Economic methodology and the economic problem Questions

  1. A Level
  2. /Economics
  3. /1.1 Economic methodology and the economic problem