Economic Output: Definition & Overview


Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

Which of the following is the best description of economic output?

Create Your Account To Take This Quiz

As a member, you'll also get unlimited access to over 79,000 lessons in math, English, science, history, and more. Plus, get practice tests, quizzes, and personalized coaching to help you succeed.

Try it risk-free
Try it risk-free for 30 days. Cancel anytime
Already registered? Log in here for access

1. Which of the following is a common measure of economic output used today?

2. If you are measuring economic output by adding up the value of all the goods and services sold to people and organizations that consume them, what approach are you using to determine GDP?

Create your account to access this entire worksheet
A Premium account gives you access to all lesson, practice exams, quizzes & worksheets
Access to all video lessons
Quizzes, practice exams & worksheets
Certificate of Completion
Access to instructors
Create an account to get started Create Account

About This Quiz & Worksheet

This quiz will test you on different areas related to economic output. The questions revolve around measures of economic output and methods to calculate these measures.

Quiz & Worksheet Goals

The assessment will test you on:

  • Definition of economic output
  • Common modern measure of economic output
  • Methods to calculate GDP

Skills Practiced

You will practice these following skills:

  • Interpreting information - verify that you can read information regarding economic output and interpret it correctly
  • Defining key concepts - ensure that you can accurately define main phrases, such as economic output and value-added approach
  • Information recall - access the knowledge you've gained regarding the different ways to calculate GDP

Additional Learning

After you complete the quiz, you should also go through the corresponding lesson called Economic Output: Definition & Overview. The lesson reviews the following objectives:

  • Deepen the definition of economic output
  • Identifying traditional measures of economic output
  • Describing methods to calculate GDP