Seven Ways to Compute the Relative Value of a U.S. Dollar Amount - 1774 to Present
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In 2010, the relative worth of $5,084.38 from 1956 is:
| $40,800.00 | using the Consumer Price Index | |
| $32,900.00 | using the GDP deflator | |
| $50,400.00 | using the value of consumer bundle | |
| $51,300.00 | using the unskilled wage | |
| $62,200.00 | using the Production Worker Compensation | |
| $91,400.00 | using the nominal GDP per capita | |
| $169,000.00 | 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 .
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