Concept
Version 8
Created by Boundless
Normative and Positive Economics
Debt Increases
This graph shows the debt increases in the United States from 2001-2009. Positive economics would provide a statement saying that the debt has increased. Normative economics would state what needs to be done in order to work towards resolving the issue of increasing debt.
Source
Boundless vets and curates high-quality, openly licensed content from around the Internet. This particular resource used the following sources:
"Deficits vs.
Debt Increases - 2009."
http://en.wikipedia.org/wiki/File:Deficits_vs._Debt_Increases_-_2009.png
Wikipedia
CC BY-SA.