Seven Ways to Compute the Relative Value of a U.S. Dollar Amount - 1774 to Present
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In 2011, the relative worth of $1,000.00 from 1980 is:
| $2,730.00 | using the Consumer Price Index | |
| $2,370.00 | using the GDP deflator | |
| $3,070.00 | using the value of consumer bundle | |
| $2,560.00 | using the unskilled wage | |
| $2,950.00 | using the Production Worker Compensation | |
| $3,950.00 | using the nominal GDP per capita | |
| $5,410.00 | 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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