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

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