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 ?
Right next to Edinburgh are East Lothian and Midlothian, ranked 132 out of 139 regions in the UK, with hardly any economic output at all.
They helped in building our infrastructure, our institutions, our flag-ship enterprises as well as the myriad of small and medium sized enterprises which make up the bulk of our economic output.
economic output derived from construction, retail trade and finance, insurance and real estate declined by 2.
The European Commission and OECD, for example, say they expect Spanish economic output to tumble 1.
Spain's economic output has been on a downward path since the final quarter of 2011, the central bank said.
According to the new report, natural gas midstream investment and the investment to operate and maintain the pipelines will support an average of over 103,000 jobs each year from 2012 through 2035, generate nearly $47 billion in federal, state and local tax revenue, and add more than $420 billion in total economic output.
However, the sub-region had the fifth lowest economic output per head of the UK's 37 sub-regions.
In 2010, genomics research emerging from the project was responsible for $67 billion in economic output in the United States; the industry supported 310,000 jobs and paid $3.
7 billion in economic output or sales revenue, representing 8.
9 percent of economic output, in the 2010/11 fiscal year, the OPEC member's central bank report showed on Tuesday.
The combined effect of HS2 and the increased regional rail capacity it will bring will generate 22,000 jobs in the West Midlands and increase economic output by pounds 1.

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