In economics, gross output (GO) is a measure of the value of production of new goods and services during an accounting period. Gross output represents the total value of sales by producing enterprises (their gross revenue or turnover) in an accounting period (a quarter or a year), before subtracting the value of intermediate goods used up in production from the value of sales.
In economics, gross output (GO) is a measure of the value of production of new goods and services during an accounting period. Gross output represents the total value of sales by producing enterprises (their gross revenue or turnover) in an accounting period (a quarter or a year), before subtracting the value of intermediate goods used up in production from the value of sales.
Source: Wikipedia "Gross output" · CC BY-SA 4.0
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