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Andreyy89
3 years ago
10

Making a prediction today about the​ world's population in twenty years based on current growth trends is an example of ▼ normat

ive prescriptive positive economics. Advising the residents of a town to choose a toll road over a freeway extension due to a limited budget and high trucking usage is an example of ▼ normative prescriptive positive economics.
Business
1 answer:
iragen [17]3 years ago
6 0

Answer: Positive, Normative

Explanation: Positive economics is based on facts and objects that can be verified. While, normative economics is based on value based judgement that are difficult to verify.

Making a prediction today about the​ world's population in twenty years <em>based on current growth trends</em> is an example of <em>positive economics</em>.

<em>Advising</em> the residents of a town to choose a toll road over a freeway extension due to a limited budget and high trucking usage is an example of <em>normative economics</em>.


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As per expenditure approach the method used to measure and compute nominal GDP is the most popular. The expenditure method formula is computed by adding Net Exports, Government Spending, Investment, and Consumer Spending.

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