normative economic statements

Normative economic statements are subjective opinions or judgments that involve value judgments. Examples of normative economic statements include "lower taxes are good for the economy" and "government spending should be increased." By contrast, positive economic statements describe what has occurred or what will likely occur in the future. Examples of positive economic statements include "the unemployment rate is currently 6.5%" and "the GDP rate is predicted to increase by 2% this quarter."