Five Ways to Compute the Relative Value of Australian Values, 1852 to the Present.
|In 2018, the relative price worth of £1,500 0s 0d from 1885 is:|
|$184,200.00 using the the Consumer Price Index|
|$264,000.00 using the the GDP deflator|
|In 2018, the relative wage or income worth of £1,500 0s 0d from 1885 is:|
|$1,346,000.00 using the the nominal GDP per capita|
|$1,290,000.00 using the Average Weekly Earnings|
|* Using National Minimum (Award) Wage.|
|In 2018, the relative output worth of £1,500 0s 0d from 1885 is:|
|$12,560,000.00 using the the nominal GDP|
If you need help determining which result is most appropriate for you, see Choosing the Best Indicator to Measure Relative Worth.
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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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