Five Ways to Compute the Relative Value of a U.K. Pound Amount, 1270 to Present
|In 2005, the relative price worth of £4000 0s 0d from 1903 is:|
|£288,000.00 using the retail price index|
|£332,000.00 using the GDP deflator|
|In 2005, the relative wage or income worth of £4000 0s 0d from 1903 is:|
|£1,140,000.00 using the average earnings|
|£1,910,000.00 using the per capita GDP|
|In 2005, the relative output worth of £4000 0s 0d from 1903 is:|
|£2,950,000.00 using the 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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Lawrence H. Officer and Samuel H. Williamson,
"Five Ways to Compute the Relative Value of a UK Pound Amount, 1270 to Present," MeasuringWorth, .
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