Question 1

What is Machinery: Total Factor Productivity?

Accepted Answer

Multifactor productivity is calculated by dividing an index of real output by an index of combined units of labor input and capital services. It is designed to measure the joint influences of technological change, efficiency improvements, returns to scale, reallocation of resources, and other factor...

Question 2

Where does Machinery: Total Factor Productivity data come from?

Accepted Answer

This dataset is sourced from FRED (FRED), a trusted provider of economic and financial data. DataSetIQ aggregates and standardizes this data for easy access and analysis.

Question 3

How often is Machinery: Total Factor Productivity updated?

Accepted Answer

This dataset is updated on a annual basis by FRED. DataSetIQ syncs the latest data regularly to ensure you have access to the most current information.

Question 4

What time period does Machinery: Total Factor Productivity cover?

Accepted Answer

This dataset covers the period from 1988 to 2024. The temporal coverage allows for historical analysis and trend identification over 36 years of data.

Question 5

What units is Machinery: Total Factor Productivity measured in?

Accepted Answer

The data in this dataset is measured in lin. Understanding the measurement units is important for accurate interpretation and comparison with other datasets.

Question 6

What is the data quality score for Machinery: Total Factor Productivity?

Accepted Answer

Machinery: Total Factor Productivity has a DataSetIQ score of 81/100. This score measures data quality based on completeness, timeliness, consistency, and coverage metrics.

Machinery: Total Factor Productivity

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