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).
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

output

goods and services produced by a firm using resource INPUTS.
Collins Dictionary of Business, 3rd ed. © 2002, 2005 C Pass, B Lowes, A Pendleton, L Chadwick, D O’Reilly and M Afferson

output

the GOODS and SERVICES that are produced using a combination of FACTOR INPUTS.
Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005
References in periodicals archive ?
Forecast errors made against first outturns for GDP have been taken for all quarterly forecasts made since the beginning of 1982, and the Root Mean Squared Deviation (RMSD) of these errors has been calculated for each of the nine quarters from the beginning of the year before that being forecast to the first quarter after the end of the year being forecast.
Figures 1-3 plot the Root Mean Squared Deviations (RMSD) of forecast errors for year T made in Institute forecasts in each quarter of T-1, in each quarter of T and in the first quarter of T+1 before first outturn. The figures also include the standard deviation of the variable being forecast over relevant periods.
The accuracy of the forecast improves over time as the outturn date approaches.
The fit of the regression has barely deteriorated with the imposition of the restrictions and the coefficient suggests that the Federal Reserve adjusted its forecast of GDP growth in the coming year by about a third of the unexpected component of the latest estimated outturn, other things being equal.
As we examine forecasts produced up to 2003 for outturns up to 2004 we are comparing forecasts for the Retail Price Index excluding mortgage interest payments (RPIX).
This provides a stricter test of forecasting performance than the use of forecasts for growth in a calendar year since the latter contain an important element of estimated outturn.
On average, the forecast figure has been lower than the outturn figure, meaning that duty increases on items such as petrol have been lower and pension rises higher than they might otherwise have been, he said.
said that the February inflation outturn continued to support the BSP's outlook of within-target inflation over the next two years.
These showed profits of pounds 14.5 million on a continuing basis - similar to last year's outturn - on gross sales five per cent ahead.
The January inflation outturn is below the Government's inflation range target of 3.0 percent +- 1.0 percentage point for 2016.