output in Economy
output in Economy is consolidated between Goods and Service .Means Every Country Economy has Goods and it produce by people of country and Service is rendered to other Company ,Government,Individual.
Output has monetary Value .Every 3month,6month, or 12 month. Every country has measure their Economy using Output and measuring unit is monetary value such as Usd for us and Inr for India and so on…
Output has loophole Intermediate Goods are Counts as twice in an economy .Some Goods are Produced from raw material treated as final goods but some Goods final product is input for other and after use its final goods .
For EX-> A Steel Company final Goods measures as final good but Car Company use the Same Steel and Count as final goods.both Steel Company and Car Company Count Goods in Economy Produce one Count Two .