Re: Early Model - 1909 / 1910?

Posted by Guscha On 2015/12/27 11:53:14

Quote:

BDC, if you are asking what a monetary value in the past is "worth" today, there is no one correct answer. A price or an income in the past would have been valued in different ways in that time by different people and under different contexts. That must be taken into account when asking the same question today.
The answer, given by measuringworth.com (an exquisite online service for calculating relative worth over time) reads:

In 2014, the relative worth of $4,200.00 from 1911 was:

$...108,000.00 using the Consumer Price Index
$....78,400.00 using the GDP (Gross Domestic Product)deflator
$...216,000.00 using the value of consumer bundle
$...461,000.00 using the unskilled wage
$...694,000.00 using the Production Worker Compensation
$...618,000.00 using the nominal GDP per capita
$2,100,000.00 using the relative share of GDP