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tbarrows: 1 year ago via iPhone

When economist talk about real output they mean what

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baby.ruth: 1 year ago

Generally, real output refers to quantity and not the actual value of a good or a service. This is the amount that is produced or service that is offered according to the standards set in a certain economy. For an economist, this means it adds more value and meaning to the business since it means that a company is producing and offering services of high quality. This brings along with it good profits and investments for the company and economy as a whole.

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