"Economic output" refers to the total value of products, goods, and services that are produced within a certain time period in an economy. It measures the overall production and productivity of businesses and industries, indicating the level of economic activity and the resulting goods and services available to people.
Full definition
Watch the world economy evolve over 35 years in this video, which captures the breakdown
of economic output by country.
By way of comparison, the drop
in economic output over the course of the last recession is believed to be less than $ 3 trillion.
When economic activities pertaining to economic growth factors perform within a confined geographical area a relatively small section of
total economic output is establishing.
The
annual economic output of the financial sector in these jurisdictions represents represents two - thirds of the Canadian total.
Real GDP: To compare
economic output from one year to another, you must account for the effects of inflation.
This will be a huge contributing factor to increasing the country's
economic output over the course of the next several years.
This is helping to fuel inflation because the monetary growth isn't being matched by growth in
real economic output.
Likewise, advocates of easy money seem to believe that increasing the money supply will buy you
more economic output, but this requires holding V and P relatively constant.
Although energy efficiency is improving, so that the economy can grow maybe 1 to 1.5 percent faster than energy consumption,
rising economic output and rising energy use are very powerfully connected.
Over the long run, you're not going to get all - out job growth unless you see corresponding increases
in economic output.
For each trading partner, a trade war could raise domestic production costs, broadly
reduce economic output, lower corporate revenues, and pressure margins.
Because of the size of the system this is quite indirect and works only until
real economic output (oil, manufacture, services etc.) pushes the money supply on an exponential level.
He also assumed the same level
of economic output as was actually achieved through those years.
On its website, the White House says that by 2023, the U. S. economy will lose some $ 80 billion in
economic output by not allowing a path to citizenship for the estimated 11 million undocumented workers.
The impact
on economic output across the world is projected to be US$ 5.36 trillion between 2011 and 2030.
The United States could lose up to 700,000 jobs and suffer billions of dollars in
lost economic output if President Donald Trump ends a program granting work permits to the children of undocumented immigrants, a new report finds.
One estimate finds that the total
U.S. economic output varies by up to $ 485 billion / year owing to weather variability.15 From 1980 to 2010 there were 99 weather disasters in the U.S. in which damages exceeded $ 1 billion.
The market for credit default swaps market (a derivative on insurance on when a business defaults), for example, was enormous, exceeding the entire
world economic output of $ 50 trillion by summer 2008.
The decline in emissions between 2012 and 2011 was 3.8 percent, which, according to the Energy Information Administration (EIA) was the largest decline in a non-recession year since 1990 and the first time that carbon dioxide (CO2) emissions fell while the per
capita economic output increased by more than 2 percent.
The team's report concludes that a $ 3.8 - billion federal investment (equivalent to $ 5.6 billion in 2010 dollars) produced $ 796 billion in
economic output between 1988 and 2010 and, in 2010 alone, supported 310,000 jobs.
A 2014 IEA report concluded, «The uptake of economically viable energy efficiency investments has the potential to boost cumulative
economic output through 2035 by $ 18 trillion,» which is larger than the current size of the U.S. economy.
If it were its own country, it would number among the 16 biggest in the world,
with economic output bigger than that of Sweden, the Netherlands, or Australia.
Historically, a declining growth rate in the inventories - to - sales ratio has coincided with
increased economic output, as we see in the chart below.
Similar in size to the planned LIU school, Purdue University's College of Veterinary Medicine generated a
direct economic output of $ 220.2 million in 2014.
The Alliance to Save Energy advocates a bold but achievable goal of doubling energy productivity in the U.S. by 2030 (getting twice as
much economic output from each unit of energy).
The campaign plan expected «proposals on trade, regulatory and energy policy would
raise economic output and revenues» to offset most of the remaining shortfall, as cited by the Tax Policy Center analysis.
The output gap — the difference between
current economic output and the estimated level that would stoke inflation — will now close in mid-2018, «materially later» than previously thought, the statement said.
The halving of alcohol - fuelled car crashes since the mid-1980s boosted
US economic output by $ 20 billion, increased national income by $ 6.5 billion, and created 215,000 jobs in 2010, reveals an analysis of the economic impact of drink - driving, published online in the journal Injury Prevention.
In September, André Downs, chief economist at the department of Global Affairs Canada, said that the TPP would
expand economic output by $ 4.3 billion thanks to increased access to hard - to - tap markets like Japan.
The IEA found that «the uptake of economically viable energy efficiency investments has the potential to boost
cumulative economic output through 2035 by USD 18 trillion,» which is larger than the current size of the U.S. economy!
This is the optimal point to stop, and the emission reduction will have been worth it: The total gain in environmental benefits will be higher than the total loss in
conventional economic output.
Pollution may go down
as economic output slows, or up as the government stimulates polluting industries
They see Europe as putting a brake on the sort of country they want to see and aspire to a Britain of turbo - charged deregulation and minimal government, in
which economic output «Trumps» quality of life and the protection of our environment
In a research note, Shenfeld said the phenomenon adds little to
economic output even though the market cap of Nintendo swelled by billions literally overnight (although it subsequently lost many of those gains when it was revealed that it only had a partial interest in the wildly popular augmented - reality game for smartphones).
Phrases with «economic output»