Quantity Index
A volume index or quantity 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. Volume or quantity indexes can be constructed by year-to-year chaining Chaining is a type of intervention that aims to create associations between behaviors in a behavior chain. A behavior chain is a sequence of behaviors that happen in a particular order where the outcome of the previous step in the chain serves as ... just as price indexes can be. See also * Gross domestic product References External referencesOECD glossary entry Business indices {{econ-stub ...
[...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]  

Gross Domestic Product
Gross domestic product (GDP) is a money, monetary Measurement in economics, measure of the market value of all the final goods and services produced and sold (not resold) in a specific time period by countries. Due to its complex and subjective nature this measure is often revised before being considered a reliable indicator. List of countries by GDP (nominal) per capita, GDP (nominal) per capita does not, however, reflect differences in the cost of living and the inflation, inflation rates of the countries; therefore, using a basis of List of countries by GDP (PPP) per capita, GDP per capita at purchasing power parity (PPP) may be more useful when comparing standard of living, living standards between nations, while nominal GDP is more useful comparing national economies on the international market. Total GDP can also be broken down into the contribution of each industry or sector of the economy. The ratio of GDP to the total population of the region is the GDP per capita, p ...
[...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]