### Your Results in Table Format

In 1992, the relative worth of price $0.05 from 1950 is: |

$0.29 using the Consumer Price Index |

$0.26 using the GDP deflator |

In 1992, the relative worth of amount consumers spend $0.05 from 1950 is: |

$0.40 using the Value of Consumer Bundle |

In 1992, the relative worth of wage or income $0.05 from 1950 is: |

$0.45 using the unskilled wage |

$0.50 using the Production Worker Compensation |

$0.64 using the nominal GDP per capita |

In 1992, the relative worth of output $0.05 from 1950 is: |

$1.09 using the relative share of GDP |

For the definitions of these indexes go to The Seven Indexes Used

We present here specific "Definitions of Relative Worth" for the combinations of each of the seven indexes applied to each of the three types of items.

Item Measure |
Commodity |
Income or Wealth |
Project |
---|---|---|---|

Price Index |
real price$0.29 |
real wage or real wealth$0.29 |
real cost $0.26 |

Compensation |
labor value$0.45 or $0.50 income value$0.64 |
relative labor earnings$0.45 or $0.50 relative income$0.64 |
labor cost$0.45 or $0.50 |

Household Expenditures |
real value in consumption$0.40 |
household purchasing power$0.40 |
household cost$0.40 |

Output |
economic share$1.09 |
relative output$1.09 |
economy cost$1.09 |

For more on the definitions go to Definitions of Relative Worth.

For additional assistance, check out the Tutorials, see Choosing the Best Measure of Relative Worth or the essay Measures of Worth.

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#### Citation

Samuel H. Williamson, "Seven Ways to Compute the Relative Value of a U.S. Dollar Amount, 1790 to present," MeasuringWorth, April
.

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