Discuss whether each statement is a purely positive statement, or also contains normative elements and/or value judgments:

a. An increase in the personal income tax will slow the growth rate of the economy.

b. The goal of any country’s economic policy should be to increase the well-being of its poorest, most vulnerable citizens.

c. The best way to reduce the national poverty rate is to increase the federal minimum wage.

d. The 1990s were a disastrous decade for the U.S. economy. Income inequality increased to its highest level since before World War II.