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Can GDP ever be negative?

Yes, theoretically, GDP could be negative, and you have described a pathological case where that happens. Gross value added in your example over the two periods is still positive, but the particular ...
jpfeifer's user avatar
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1 vote

What is the name of the principle "GDP=Production=Income=Expenditure"?

There is no special technical jargon for it. You can call it equivalence or three sided equivalence between income, expenditure and production. However, that’s not really a term but rather a ...
1muflon1's user avatar
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