acruzs274
Answered

Welcome to Westonci.ca, the Q&A platform where your questions are met with detailed answers from experienced experts. Discover in-depth answers to your questions from a wide network of experts on our user-friendly Q&A platform. Explore comprehensive solutions to your questions from knowledgeable professionals across various fields on our platform.

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

Sagot :

tanyasingh21
The answer is 1 true
2 is true
3 is true
4 is false
5 false
6 is true
shelbyroseking

Answer:

2. false

3. false

Explanation:

2. As of January 2013, the average monthly welfare payment for a family of four was $900, while a single individual could expect around $300 monthly. For food stamps, a family of four might receive around $500, while an individual could expect approximately $200 in food stamp benefits (Please note these are average monthly payments; some states may have a slightly higher monthly payment, and other states may have a slightly lower monthly payment. Payments may also vary due to circumstances such as medical problems, pregnancy, etc.).

3. The multiplier effect is the process of distributing income throughout the economy; as money flows through the economy, it multiplies each time it changes hands, creating more people who are both working and spending

Thanks for stopping by. We are committed to providing the best answers for all your questions. See you again soon. Thank you for your visit. We're dedicated to helping you find the information you need, whenever you need it. We're dedicated to helping you find the answers you need at Westonci.ca. Don't hesitate to return for more.