Seven Ways to Compute the Relative Value of a U.S. Dollar Amount - 1774 to Present
|
In 2011, the relative worth of $1,000,000.00 from 1922 is:
| $13,400,000.00 | using the Consumer Price Index | |
| $10,900,000.00 | using the GDP deflator | |
| $29,600,000.00 | using the value of consumer bundle | |
| $47,700,000.00 | using the unskilled wage | |
| $60,500,000.00 | using the Production Worker Compensation | |
| $72,400,000.00 | using the nominal GDP per capita | |
| $205,000,000.00 | using the relative share of GDP |
If you need help/ determining which result is most appropriate for you, see Choosing the Best Indicator to Measure Relative Worth.
For construction of the Indicators, go to CPI | GDP | Consumer Bundle | Unskilled Wage | Compensation of Production Workers series.
Citation
Samuel H. Williamson, "Seven Ways to Compute the Relative Value of a U.S. Dollar Amount, 1774 to present," MeasuringWorth, April .
Please let us know if and how this discussion has assisted you in using our calculators.

