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index number vs price level

price level vs index number

index number and price level both are nouns.

Word NounAdjectiveVerbAdverb
index number Yes No No No
price level Yes No No No
As nouns, price level is a hyponym of index number; that is, price level is a word with a more specific, narrower meaning than index number:
  • index number: a number or ratio (a value on a scale of measurement) derived from a series of observed facts; can reveal relative changes as a function of time
  • price level: an index that traces the relative changes in the price of an individual good (or a market basket of goods) over time
index number (noun) price level (noun)
a number or ratio (a value on a scale of measurement) derived from a series of observed facts; can reveal relative changes as a function of time an index that traces the relative changes in the price of an individual good (or a market basket of goods) over time
Difference between index number and price level

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