price level vs index number
index number vs price levelprice level and index number both are nouns.
| Word | Noun | Adjective | Verb | Adverb |
|---|---|---|---|---|
| price level | Yes | No | No | No |
| index number | Yes | No | No | No |
As nouns,
index number is a hypernym of
price level; that is, index number is a
word with a broader meaning than price level:
- 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: 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 (noun) | index number (noun) |
|---|---|
| an index that traces the relative changes in the price of an individual good (or a market basket of goods) over time | 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 |
Words related to "price level"
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