Five Ways to Compute the Relative Value of Australian Values, 1852 to the Present.

In 2021, the relative price worth of £1,546   0s   0d from 1853 is:
$200,000.00 using the the Consumer Price Index
$244,000.00 using the the GDP deflator
In 2021, the relative wage or income worth of £1,546   0s   0d from 1853 is:
$1,536,000.00 using the the nominal GDP per capita
* Using Average Weekly Earnings.
* Using National Minimum (Award) Wage.
In 2021, the relative output worth of £1,546   0s   0d from 1853 is:
* Using the nominal GDP.
 

If you need help determining which result is most appropriate for you, see Choosing the Best Measure of Relative Worth.



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Citation

Diane Hutchinson and Florian Ploeckl, "Five Ways to Compute the Relative Value of Australian Amounts, 1828 to the Present", MeasuringWorth, URL:www.measuringworth.com/australiacompare

 

 


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