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 ?
It added that the economic impact will be almost twice as big in the event of a 'hard' Brexit, which the research predicts will bring an average 2.3% reduction in economic output across all UK cities - compared to a 'soft' Brexit, which will result in a 1.2% decrease.
Non-residential construction, which includes office space, institutional development, sports/entertainment venues, and hotels, produced the most in direct spending and economic output last year.
economic output," NIRS Executive Director Diane Oakley said in a statement.
The biopharmaceutical sector's economic output, which represents the value of the goods and services produced by the sector, totaled more than $558 billion in the United States in 2014.
Highway and bridge construction investment by local governments and the Virginia Department of Transportation (VDOT) is a key part of the Virginia economy, supporting $4.6 billion in state economic output, $2.4 billion in Gross State Product (GSP) and 36,390 jobs, a new study finds.
BANKING AND CREDIT NEWS-June 11, 2014-Following ONS updates, British economic output to be revised up
Using new research of weekly earnings across Scotland, Labour have produced maps showing the gap in earnings and economic output.
Each physician in the United States supported an average of $2.2 million in economic output in 2012, according to a report by the American Medical Association.
physician supported an average of $2.2 million in economic output in 2012, according to a report released by the American Medical Association.
Global Banking News-March 28, 2014--Hungarian central bank releases economic output forecast
He also underlined that, according to ECB forecasts, deflation is now less of a threat to European economic output and that, according to latest ECB forecasts, the 18-nation bloc will escape a Japan-style period of falling prices as momentum in the economy improves.
The average farm size in the EU has increased by 3.8% per year in recent years, and the standard economic output has increased by 5.2% per year, according to the latest EU agricultural economics brief', published on 23 October by the European Commission.

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