In 2011, the poverty rate in the United States was

National output and national income are the same because

A) one seller's profit is another seller's loss. B) one seller's profit is another buyer's loss. C) the sale of goods and services generates income for the sellers. D) the sale of goods and services generates tax revenues for the government.

The tax multiplier is greater than the spending multiplier regardless of the value of the marginal propensity to consume (MPC)

a. True b. False Indicate whether the statement is true or false