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Industrial Production Index
The measure of the combined output of all products like mining, manufacturing, and electric and natural gas utilities organization in the United States as compiled by the Federal Reserve. When the industrial production index divided by an index of productive capacity, yields the capacity utilization rate that is a measure of capital use identical to the way the unemployment rate measures labor use.
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Examples of Productivity Measures Sales ($)/labour costs ($) Sales ($)/pay ($) Total value of sales (billed) ($)/labour costs($) + investment ($) Sales/salespeopl
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