Sectoral Output
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Sectoral Output

Gross Output, Price Index

Herausgegeben: Giffard, Philippe V.
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Sectoral output for an industry or combination of industries ("sector") is the value of the sector's gross output minus the value of shipments within the sector from one establishment to another. Value here is measured for a specified time period and usually in units of nominal money. It may be converted to constant units by multiplying by a price index to adjust for changes in prices over time and changes in quality of the goods and services produced. A sectoral output measure is conceptually different from measures of gross output or value-added output. Gross output for the sector consists o...