Seven Ways to Compute the Relative Value of a U.S. Dollar Amount - 1774 to Present
In 2008, the relative worth of $1,995.00 from 1970 is:
|$11,100.00||using the Consumer Price Index|
|$8,910.00||using the GDP deflator|
|$11,900.00||using the value of consumer bundle|
|$11,300.00||using the unskilled wage|
|$13,100.00||using the Production Worker Compensation|
|$18,500.00||using the nominal GDP per capita|
|$27,500.00||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.
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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