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Current production rateThe highest interest rate permissible on current Government National Mortgage Association, mortgage-backed securities.Current production rate Similar MatchesProduction externalityProduction externalityAn externality arising from production. Nonproduction workerNonproduction workerA worker not directly engaged in production. In empirical studies of skilled and unskilled labor, data on nonproduction workers are often taken to represent skilled labor. Production functionProduction functionA function that specifies the output in an industry for all combinations of inputs. Neighborhood production structureNeighborhood production structureA structure of technology for a general equilibrium model due to Jones and Kierzkowski (1986). With an arbitrary but equal number of goods and factors, each factor produces two (different) goods, each good uses two (different) factors, in a way that yields more unambiguous results than one normally finds in high-dimension trade models without specific factors. Industrial productionIndustrial productionA statistic determined by the Federal Reserve Board focusing on the total output of all US factories and mines on a monthly basis. Used as an economic indicator. Further SuggestionsProduction rateProduction worker Production Cost Advantage Neoclassical production function Multistage production Production flow commitment Production possibilities schedule Edgeworth Production Box Production possibility curve Production possibility frontier Factor of production |
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