Economics A-Level
National output
What National output means in Economics A-Level, as defined for AQA.
Definition of National output
Check what you remember
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Reference: AQA
One of the three theoretically identical ways of calculating the total value of economic activity, alongside national expenditure and national income.
Topics that use National output
- The circular flow of income (AQA A-Level)
Related terms
- Circular flow of income
- Economic growth
- Economic welfare
- Full employment income
- Inflation
- Injections
- Living standards
- Macroeconomic equilibrium
Using National output in the exam
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