A volume index is a numerical time series measure designed to help compare how the production of some class of goods and/or services, taken as a whole, differs between time periods or geographical locations. Compare price index.
As compared to a price index, a volume index takes into account price changes and reflects the level of production without inflation.
See also: Price index, Gross domestic product
Read more about Volume Index: References
Famous quotes containing the words volume and/or index:
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—For the State of Massachusetts, U.S. public relief program (1935-1943)
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—Nadine Gordimer (b. 1923)