Difference between revisions of "Economic output"
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= Economic output = |
= Economic output = |
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| − | + | Literally, economic output can be defined as "the productivity of a country or region measured by the value of goods and services produced"<ref>Wiktionary.org http://en.wiktionary.org/wiki/economic_output</ref>. Economic output can also be regarded as the 'measurable' part of economic impact, which can be viewed in terms of business output, value added, wealth et cetera (see '''clickable map''' below). |
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| − | economic output (uncountable) |
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| − | The productivity of a country or region measured by the value of goods and services produced. |
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| − | newly developed urban object or urban environment will generate in most cases economic activities. The generated (or existing) [[economic impact]] can be measured in terms of economic output, which measures a particular dimension of change in the economic activity (see clickable map below): |
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| − | A variety of measures of national income and output are used in economics to estimate total economic activity in a country or region, including gross domestic product (GDP), gross national product (GNP), and net national income (NNI). All are specially concerned with counting the total amount of goods and services produced within some "boundary". The boundary is usually defined by geography or citizenship, and may also restrict the goods and servic |
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| + | == Types of economic output == |
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Notice that the public income and public expenditures are included while they also could be considered to be "˜financial output". Furthermore, the various measures of economic impact are overlapping<ref name="ftn12"> B. and G. Weisbrod (1997). ''Measuring economic impacts of projects and programs''. Economic Development Research Group.</ref>. An increase in business activity, for example, will generate income for its employees, profit for its owners and tax income for the public authorities. For this reason, the different measures cannot be added together to calculate the total economic impact. |
Notice that the public income and public expenditures are included while they also could be considered to be "˜financial output". Furthermore, the various measures of economic impact are overlapping<ref name="ftn12"> B. and G. Weisbrod (1997). ''Measuring economic impacts of projects and programs''. Economic Development Research Group.</ref>. An increase in business activity, for example, will generate income for its employees, profit for its owners and tax income for the public authorities. For this reason, the different measures cannot be added together to calculate the total economic impact. |
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Revision as of 12:50, 3 May 2012
Contents
Economic output
Literally, economic output can be defined as "the productivity of a country or region measured by the value of goods and services produced"[1]. Economic output can also be regarded as the 'measurable' part of economic impact, which can be viewed in terms of business output, value added, wealth et cetera (see clickable map below).
Types of economic output
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Notice that the public income and public expenditures are included while they also could be considered to be "˜financial output". Furthermore, the various measures of economic impact are overlapping[2]. An increase in business activity, for example, will generate income for its employees, profit for its owners and tax income for the public authorities. For this reason, the different measures cannot be added together to calculate the total economic impact.
Related subjects
Footnotes and references
- ↑ Wiktionary.org http://en.wiktionary.org/wiki/economic_output
- ↑ B. and G. Weisbrod (1997). Measuring economic impacts of projects and programs. Economic Development Research Group.
MAP
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