TRUE OR FALSE

1. Because few households can afford to save much, most developing countries depend heavily on corporations for their domestic non-governmental (i.e., private) savings.
2. GDP, GNP and Human Development Index (HDI) are all economic measures that measure the well-being of people in a country,
3. The level of wages in a country is directly related to the level of productivity of workers in that country.
4. Developing countries typically have low real GDP per capita, high birth rates, low education, and low savings rates
5. Countries without savings has no way to increase growth thereby going into a vicious circle
6. Capital and Income has an inverse relationship because of the trade-off.