1 This will display the dropdown with suggested places in New York (US); Select the desired Address /Place /City /Village /Town /Airport from both the dropdown lists. 2  Click the Get Distance & Directions button to get the distance between the selected addresses /places /cities /towns /villages /airports in New York (US).
Total output is measured by the money (dollar) value of all final goods and services produced by an economy during a given period of time, usually a year. Total output includes the values of goods produced, like CD players and houses, and the value of services, like haircuts and teachers' salaries.
By Elvis Picardo, CFA | December 12, 2013 AAA |. Gross Domestic Product (GDP) is one of the most widely used measures of an economyâs output or production. It is defined as the total value of goods and services produced within a countryâs borders in a specific time period â monthly, quarterly or annually.rawbacks. Some criticisms of GDP as a measure of economic output are: 1  It does not account for the underground economy â GDP relies on official data, so it does not take into account the extent of the underground economy, which can be significant in some nations.