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