As a value judgment, normative economics stands in sharp contrast to positive economics, which is objective, rather than subjective in nature. This type of economics looks at 'what is' happening in the economy, and while not necessarily correct, the statements can be evaluated and eventually proven or disproven.
Is 62 the age of a senior citizen? At the age of 62, one can retire with social security benefits within the US, and is considered to be the age of a senior citizen by many organizations. However, the federal gâ¦overnment has determined one who is 65 years of age or older is senior citizen.
A freshman is 9th grade - 14 - 15 yrs. old. A junior is in the 11th year of school./ A senior is in the 12th and final year of high school. Ages vary but a junior is 16-17 years old and a senior is 17-18 years old. Junior is 11 grade, senior is 12 grade (for high school) A junior would be around 17 and a senior around 18.