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HELP ME WITH THESE TRUE OR FALSE PLEASE!!!
1.) In 2012, the U. S. national debt equaled 25% of the Gross Domestic Product.
True
False
2.) As of January 2013, the average monthly welfare payment was $3,000 for a family of four.
True
False
3.) The term multiplier effect refers to the fact that the U. S. national debt is increasing every year.
True
False
4.) A person who borrows money for five years will likely pay a higher interest rate than a person who takes out a loan for two years.
True
False
5.) Tax deductions increase the amount of income tax an individual has to pay.
True
False
6.) Tax charged on the purchase of a new t-shirt is an example of sales tax.
True
False
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HELP ME WITH THESE TRUE OR FALSE PLEASE!!!
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