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Wealth of an Economy

Identify what...

Question

Identify what is normative statements concern?

A

What was?

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B

What is the normal situation?

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C

What will be?

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D

What ought to be?

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Solution

The correct option is D What ought to be?
Normative economics deals with what ought to be or how the economic problems should be solved.
It discusses what the desirable things are and how they should be realized. Thus it is suggestive in nature.

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