Author: Jef JaisunJef Jaisun Date: May 16, 2008 04:03
On 15 May 2008 15:22:06 -0700, bloozguy@ teksavvy.com (Patrick Hertel) wrote:
>Current data is only available till 2007. In 2007, $500.00 from 1945 is
>worth:
> $5,759.50 using the Consumer Price Index
> $4,790.74 using the GDP deflator
> $10,495.63 using the value of consumer bundle *
> $10,055.35 using the unskilled wage *
> $14,374.84 using the nominal GDP per capita
> $31,020.39 using the relative share of GDP
Naw, that's backwards! What it really means is it would take
$5,759.50 in 2007 to buy what $500 dollars would buy back in 1945. If
you still had that $500 bill, it would only buy you $57.59 worth of
what you could buy with it in 1945. Or, to put it in 2008 terms,
about half a tank of gas. ;)
If you use the $31K GDP figure, the $500 would only buy you 1/62 of
it's original value. About $8. Er, I mean, two gallons of gas.
Jef
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