Economics A Level: What is the National Output? How can it be Measured? Connect it with GDP

Question

What is the National Output? How can it be Measured? Connect it with GDP

go kys · Accepted Answer

-National Output is all the Goods and Services made by a Country 
-Output can be Measured by Adding up the Quantity of Goods and Services made in 1 Year. 
-Or by Calculating the Value of all Goods and Services Made in One Year. This is GDP

Economics A Level

What is the National Output? How can it be Measured? Connect it with GDP

-National Output is all the Goods and Services made by a Country -Output can be Measured by Adding up the Quantity of Goods and Services made in 1 Year. -Or by Calculating the Value of all Goods and Services Made in One Year. This is GDP

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