Question

Explain quantity index numbers.

Answer 1

Quantity index numbers work the same as that as of Index numbers.

Quantity index numbers measures the changing prices of goods/measures the change in quantity/volume of the goods produced,sold or consumed.

.....THATS ALL I KNOW

Answer 2

Explanation:

An index number is a tool for measuring the change in the variable quantity that has occurred over a specified time period. These index numbers are not explicitly observable, they are interpreted as percentages representing the relative quantity changes.

Thus, the quantity index numbers calculate changes in the volume or volume of goods sold, consumed or manufactured over a given period of time. It is therefore a calculation of relative changes in the amounts of a particular set of products over a period of time.