Price Level

A price level is a hypothetical measure of overall prices for some set of goods and services, in a given region during a given interval, normalized relative to some base set. Typically, a price level is approximated with a price index.

Read more about Price Level:  Theoretical Foundation, Significance

Famous quotes containing the words price and/or level:

    ... we performers are monsters. We are a totally different, far-out race of people. I totally and completely admit, with no qualms at all, my egomania, my selfishness, coupled with a really magnificent voice.
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    A drawing is always dragged down to the level of its caption.
    James Thurber (1894–1961)