Positive or a normative statement

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Reference no: EM13994500

Explain which of the following is a positive or a normative statement.

(a) Like Los Angeles, the minimum wage rate across the country should be $15 per hour.

(b) According to a survey, the average salaries of fortune 500 CEOs are approximately $16 million per year.

(d) Most Americans think the inflation rate should not exceed 2 per cent.

Reference no: EM13994500

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