Five Ways to Compute the Relative Value of a U.K. Pound Amount, 1270 to Present
|In 2016, the relative price worth of £2000 0s 0d from 1846 is:|
|£178,000.00 using the retail price index|
|£206,000.00 using the GDP deflator|
|In 2016, the relative wage or income worth of £2000 0s 0d from 1846 is:|
|£1,500,000.00 using the average earnings|
|£2,210,000.00 using the per capita GDP|
|In 2016, the relative output worth of £2000 0s 0d from 1846 is:|
|£6,820,000.00 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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