Below are six statements. Identify whether each is a positive (P) or normative (N) statement.
(a) The minimum wage should be increased so low-income workers can earn a living wage.
(b) The unemployment rate is too high and should be reduced through government actions.
(c) The rate of inflation was about 1 percent last year, an all time low for the past decade.
(d) Interest rates should be lower in the United States so that people can afford to buy a home.
(e) The Federal government has not achieved a budget surplus in any of the past ten years.