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:

    If you know some other way that I can be honest with you, you gotta tell me.
    —Richard Price (b. 1949)

    The man who loves other countries as much as his own stands on a level with the man who loves other women as much as he loves his own wife.
    Theodore Roosevelt (1858–1919)