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Q: Economics ( Answered 5 out of 5 stars,   0 Comments )
Question  
Subject: Economics
Category: Business and Money > Economics
Asked by: fabiete-ga
List Price: $2.00
Posted: 16 Jun 2003 16:08 PDT
Expires: 16 Jul 2003 16:08 PDT
Question ID: 218098
I need to know the value in terms of current dollars  of the dollar of:

years         1750,   1800,   1850,   1900,   1925,   1950,   1975,   2000
Answer  
Subject: Re: Economics
Answered By: journalist-ga on 16 Jun 2003 16:33 PDT
Rated:5 out of 5 stars
 
Greetings Fabiete:

I found a great calculator for your answer at
http://eh.net/hmit/ppowerusd/ titled "How much is that worth today?" 
There are two ways there to calculate:

1. How much money today has the same "purchasing power" as $__.__  in
the year ___?

and 

2. How much money in the year ___ has the same "purchasing power" as
$__.__  in the year ___?

I used the first calculator and entered all your years for these
results:

$25.61 in the year 2002 has the same "purchase power" as $1.00 in the
year 1750.

$14.25 in the year 2002 has the same "purchase power" as $1.00 in the
year 1800.

$22.89 in the year 2002 has the same "purchase power" as $1.00 in the
year 1850.

$21.30 in the year 2002 has the same "purchase power" as $1.00 in the
year 1900.

$10.25 in the year 2002 has the same "purchase power" as $1.00 in the
year 1925.

$7.47 in the year 2002 has the same "purchase power" as $1.00 in the
year 1950.

$3.35 in the year 2002 has the same "purchase power" as $1.00 in the
year 1975.

$1.04 in the year 2002 has the same "purchase power" as $1.00 in the
year 2000.

The calculator only went to 2002.  You may also want to see "What is
relative value today at http://eh.net/hmit/compare/ where there are
five choices using either the CPI, GDP Deflator, Unskilled Wage, GDP
Per Capita and (relative share of) GDP.


Thanks for asking this interesting question!  Should you require
clarification of the information, please request it and I will be
happy to respond.


SEARCH STRATEGY:

worth of a dollar in the past
fabiete-ga rated this answer:5 out of 5 stars
Your answer could NOT be better!   Thanks!

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