Test the soundness of your economic knowledge. By applying the socratic method, we will question your assumptions and the logic of your reasoning, which will hopefully lead to a better understanding of our economic reality.
24.10.10
This is correct. Macroeconomic profits can only exist if the total sales are numerically larger than total costs. However, if all costs in an economy are wages earned by workers and all sales must be made up of the very wages workers spend on the market for consumer products, how can total sales (wages received by firms) exceed total costs (wages paid by firms) in an economy? To learn about the formation of macroeconomic profits, read this.