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About: Net output     Goto   Sponge   NotDistinct   Permalink

An Entity of Type : yago:Record106647206, within Data Space : dbpedia.demo.openlinksw.com associated with source document(s)

Type: yago:WikicatNationalAccountsyago:Abstraction100002137yago:Communication100033020yago:Evidence106643408yago:History106514093yago:Indication106797169yago:Record106647206 New Facet based on Instances of this Class

Net output is an accounting concept used in national accounts such as the United Nations System of National Accounts (UNSNA) and the NIPAs, and sometimes in corporate or government accounts. The concept was originally invented to measure the total net addition to a country's stock of wealth created by production during an accounting interval. The concept of net output is basically "gross revenue from production less the value of goods and services used up in that production". The idea is that if one deducts intermediate expenditures from the annual flow of income generated by production, one obtains a measure of the net new value in the new products created.