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Classify the Following Statements into Positive Economics Or Normative Economics, with Suitable Reasons: Government Should Try to Control the Rising Fiscal Deficit. - Economics

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One Line Answer

Classify the following statement into positive economic or normative economic, with suitable reason:
Government should try to control the rising fiscal deficit.

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Solution

Government should try to control the rising fiscal deficit is a normative statement.
This is because this given statement involves personal value judgment and cannot be tested and verified.

Concept: Measures of Government Deficit Or Surpluses
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