What is the difference between a price level and a price index?

What will be an ideal response?


The price level is a weighted average of the prices of the goods and services that people consume. The price index is a ratio of a price level at one point in time to the price level in some base year, with the ratio usually multiplied by 100 . Thus, if the price level in a given year is 30% higher than the price level in the base year, the price index would be 130 . Price levels give you information about the purchasing power of a currency. Price indexes give you information about the rate of inflation between two points in time.

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Heinz and Jack Daniels worked together to produce Jack Daniels grilling sauce. This is an example of cobranding

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Expense accounts are increased by credits

Indicate whether the statement is true or false

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The UCITA (Uniform Computer Information Transactions Act) is a law common to all states and does not require state legislatures to adopt it as a statute for the state

Indicate whether the statement is true or false

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Organization culture comprises _________________.

a. What is found in corporate art galleries b. Paintings on the walls of the board room c. Statues in the gardens of the organization d. The taken-for-granted ways an organization perceives its environment and itself

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