I'm not sure how to interpret the current value in this basic schematic. If you simulate it, CircuitLab will plot a value for the current flowing through the Output node. Why is it a negative value? What convention does it use?
simulate this circuit – Schematic created using CircuitLab
Best Answer
simulate this circuit – Schematic created using CircuitLab
Figure 1. (a) As drawn. (b) A more usual power flow. (c) Alternative configuration.
The confusion may be caused by CircuitLab's default current source configuration which is (arguably) upside down for this simple circuit. If we follow the current flow (red arrow) in Figure 1a we can see that it is going up through R1 and therefore the top terminal must be at a lower potential than the bottom.
Figure 1b shows a more typical schematic with clockwise current flow and positive rail at the top.
Figure 1c shows a more typical negative current source configuration.
From CircuitLab Basics:
While this doesn't directly answer your question it does give a clue that each circuit element node will either have current in or out of it depending on the nodes relative voltages. In your example the top of the resistor is at lower potential than the bottom so current must be flowing out of it and hence the negative sign.