Seven Ways to Compute the Relative Value of a U.S. Dollar Amount - 1774 to Present
| In 2017, the relative price worth of $500,000,000.00 from 1984 is: |
| $1,180,000,000.00 using the Consumer Price Index |
| $1,020,000,000.00 using the GDP deflator |
| In 2017, the relative amount consumers spend worth of $500,000,000.00 from 1984 is: |
| $1,370,000,000.00 using the Value of Consumer Bundle |
| In 2017, the relative wage or income worth of $500,000,000.00 from 1984 is: |
| $1,200,000,000.00 using the unskilled wage |
| $1,370,000,000.00 using the Production Worker Compensation |
| $1,750,000,000.00 using the nominal GDP per capita |
| In 2017, the relative output worth of $500,000,000.00 from 1984 is: |
| $2,410,000,000.00 using the relative share of GDP |
If you need help determining which result is most appropriate for you, see Choosing the Best Indicator to Measure Relative Worth.
For construction of the Indicators, go to CPI | GDP | Consumer Bundle | Unskilled Wage | Compensation of Production Workers series.
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Citation
Samuel H. Williamson, "Seven Ways to Compute the Relative Value of a U.S. Dollar Amount, 1774 to present," MeasuringWorth, April .
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