Important To The Economy

Question 1

What does the term outputs mean ?

Answer 1

It measure of all of the goods and services produced in a period of time. Can be sold to another business or customers

Question 2

What is output sales ?

Answer 2

It is the value of output refers to the total of value of the goods and services produced by a company during a given period.

Question 3

What are the inputs?

Answer 3

They are actions, tasks and resources that a company or team carries out to reach A particular goal or objective.

Question 4

What does GDP mean?

Answer 4

• the office for national statistics collects data from thousands of uk companies.
• this is calculated by everyone adding up, total value of goods/ services, everyone’s income and what everyone spends money on.

Question 5

What does GDP stand for?

Answer 5

• stands for gross domestic product

Question 6

What are some facts about the animal care employment?

Answer 6

• 95% are a small business with having less then 10 employees
  -most workers are female
• people are young less then 35