Which statements are TRUE?   1. Personal income is the income that is eventually spent or saved by the earner. 2. The tax levied on goods and services which is finally borne by the end-consumer is known as indirect tax. 3. The GINI Coefficient relates the Lorenz Curve and the line of perfect quality of percentage of income and percentage of population. 4. Development process in the Philippines that is biased towards the urban areas is always justifiable from the perspective of Development Economics. 5. Up to this time, poverty is experienced more by women rather than men at the national and international level.

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