If a firm sold $700 worth of goods that cost $800 to produce:

Name: If a firm sold $700 worth of goods that cost $800 to produce:
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Aggregate income still equals GDP because GDP includes the value of all final goods and services produced within a country, regardless of whether the production results in a profit or a loss for the producing firm. The firm's loss does not affect the calculation of GDP, which is concerned with total output and not the profitability of individual firms.

If a Firm Sold $700 Worth of Goods That Cost