Answered step-by-stepexplain whether the given statement is true, false or uncertain....
explain whether the given statement is true, false or uncertain. Start your answer by selecting one of the options - "True", "False" or "Uncertain" and then provide arguments to justify your selection
1. The world price of oil has risen recently. For Australia (which is a net exporter of oil), this development will imply that the CPI will increase by much more than the GDP deflator
2.If the government provided tax rebate on income taxes this means more households will remain with more money to save. Household savings refer to money left after the household pays taxes and spends on the consumption of goods and services. It is one of the primary sources of loanable funds besides savings from business and public sector. saving from the household sector forms the domestic savings of a country. Tax rebates will increase household savings which will in turn increase domestic savings in general.
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