If the increase in the price of yams is used to estimate the inflation rate; this is an example of?

A. deductive reasoning
B. inductive reasoning
C. normative reasoning
D. positive reasoning

Correct Answer:

Option B – inductive reasoning

Explanation

Inductive reasoning is a method of logical thinking in which you use observations combined with experiential information you already know to arrive at a conclusion.

Inductive reasoning makes broad generalizations from specific observations. From the question, the price of yam (specific observation), is used to make a broad conclusion/generalization (Inflation)