Economic Output


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Economic Output

The quantity of a product that a company, sector, or economy can produce over a limited period of time. For example, if a widget factory produces 30,000 widgets in April and is open seven days a week, its output may be measured as 1,000 widgets per day. Economic output may be expressed as a monetary value and may be compared against the costs to produce the output (sometimes called the input).
References in periodicals archive ?
For each feature film that goes elsewhere to film, the county loses $70 million in economic output.
According to the report, the direct and indirect economic output of brewers, wholesalers, retailers, and suppliers to the American economy increased more than 12% since 2001, growing from about $144 billion to the current $162 billion.
First, the new measures would distinguish between beneficial and detrimental economic output, helping to stimulate growth that does not come at the expense of environmental quality.
The other, a 1998 estimate prepared by the White House Council of Economic Advisers, concluded that the costs of implementing the protocol could be "as little as $7-12 billion a year in economic output, depending on the extent of international emissions trading allowed and the participation of developing countries.
Up to a million older people who are unemployed could be in jobs, adding up to pounds 30 billion to the UK's economic output.
The finding is based on a formula measuring the economic output generated in a bo rough divided by the population living within that borough.
By contrast, the entire economic output of the African nation of Sierra Leone in 2001 was about $2.
7 percent of its potential economic output as a result of the health effects of pollution.
Both groups produced roughly the same amount of economic output last year: A little over $10 billion in products and services.
The economic shock from the attacks will likely tip the fragile economy into recession for the third and fourth quarters, with total economic output declining by around 0.

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