National Gross Domestic Product (GDP) by Income and by Expenditure Accounts

Volume index of real personal disposable income, index

Volume index refers to an average of the proportionate changes in the quantities of a specified set of goods or services between two periods of time. The quantities compared over time must be those for homogeneous items and the resulting quantity changes for different goods and services must be weighted by their economic importance, as measured by their relative values in one or other, or both, periods.

Real personal disposable income refers to personal income, in constant dollars, minus the sum of direct taxes (persons), contributions to social insurance plans and other current transfers from households to government.

The data for this variable are reported using the following measurements:

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