the total output of a firm, industry, or economy without deducting intermediate costs
Examples of 'gross output' in a sentence
gross output
The initial data for the model are gross output, production investments, and labour expenses.
Vladimir Konstantinovich Gorbunov, Aleksandr Gennadyevich Lvov 2018, 'Effective Production Funds and Production Functions of Regional Small Business', Èkonomika Regionahttp://www.economyofregion.com/archive/2018/69/3042/pdf/. Retrieved from DOAJ CC BY 4.0 (https://creativecommons.org/licenses/by-sa/4.0/legalcode)
These effects tend to offset the negative productivity effect of a declining ratio of value added to gross output.
Neil Foster-McGregor, Bart Verspagen 2017, 'Decomposing Total Factor Productivity Growth in Manufacturing and Services', Asian Development Reviewhttps://www.mitpressjournals.org/doi/pdf/10.1162/ADEV_a_00082. Retrieved from DOAJ CC BY 4.0 (https://creativecommons.org/licenses/by-sa/4.0/legalcode)