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The statement in a newspaper that "consumer prices rose last month by 1 percent, and if this trend continues, the annual rate of inflation will be 12 percent for the year" is an example of A normative economic statement A positive economic statement Loaded terminology The fallacy of composition

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Answer:

A positive economic statement

Explanation:

A positive statement is one that is based on fact and that is objective in its deductions, it takes a cause and effect approach to the subject being discussed.

In the given instance the newspaper stated that consumer prices rose by 1% and if the trend continues annual rate of inflay will be 12%.

On the other hand normative statements are those based on subjective and judgemental deductions. They express the author's opinion on how things should be.

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