Total of 10 questions and each one is just true or false

1. In an economy described by a Cobb-Douglas production function, when average labour productivity is growing rapidly, workers will experience high rates of real wage growth. True or False

2. In the neoclassical model with fixed income, if there is a decrease in taxes with no change in government spending, then national saving increases. True or False

3. According to Cobb-Douglas production function, each factor's marginal product is proportional to its average productivity of factor. True or False

4. Prices of items included in the CPI are weighted according to quantity of the item purchased by the typical household. True or False

5. Child benefit paid to families with dependent children is NOT a part of government spending (G) in calculating GDP. True or False

6. According to Cobb-Douglas production function, labor income is the labor's share of total income. True or False

7. Firms maximize profits by choosing capital such that marginal production of capital equals the real rental rate. True or False

8. Assume that the consumption function is given by C = 100 + 0.6(Y - T), the tax function is given by T = 50 + 0.2Y, and Y = 10K^0.5L^0.5, where K = 100. If L increases from 100 to 144, then consumption increases by 96. True or False

9. The Cobb-Douglas production function has an increasing return to scale. True or False

10. Changes in the price of imported goods affect the GDP deflator True or False