Gross Output is an economic concept used in
national accounts such as the
United Nations System of National Accounts (UNSNA) and the US National Income and Product Accounts (
NIPA). It is equal to the value of net output or
GDP (also known as gross
value added) plus
intermediate consumption. Gross Output represents, roughly speaking, the total value of sales by producing enterprises in an accounting period (e.g. a quarter or a year), before subtracting the value of intermediate goods used up in production. This description is not quite accurate though, among other things because flows relating to government services and households are also included.
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