Five Ways to Compute the Relative Value of a U.K. Pound Amount, 1270 to Present
|In 2017, the relative price worth of £3000 0s 0d from 1578 is:|
|£873,000.00 using the retail price index|
|£808,000.00 using the GDP deflator|
|In 2017, the relative wage or income worth of £3000 0s 0d from 1578 is:|
|£10,600,000.00 using the average earnings|
|£21,700,000.00 using the per capita GDP|
|In 2017, the relative output worth of £3000 0s 0d from 1578 is:|
|£322,000,000.00 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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