Convert the receipts for each movie to real dollars for the year 2012 (CPI 229.6). Which...
Convert the receipts for each movie to real dollars for the year 2012 (CPI 229.6).
Which movie had the largest REAL box office receipts?
Avatar: Box office receipts $760.5M, year released 2009, CPI in year released 214.5
Titanic: $600.8M, 1997, 160.5
Star Wars: $461.0M, 1977, 60.6
Shrek 2: $437.2M, 2004, 188.9
E.T.: $399.9M, 1982, 96.5
Homework Answers
Real value in year N = (Total box office receipts in year N / CPI in year N) x 229.6
| Movie | Total Box office receipt ($M) | CPI | Real value of Box office receipt ($M) |
| Avatar | 760.5 | 214.5 | 814.0 |
| Titanic | 600.8 | 160.5 | 859.5 |
| Star War | 461 | 60.6 | 1746.6 |
| Shrek 2 | 437.2 | 188.9 | 531.4 |
| ET | 399.9 | 96.5 | 951.5 |
Star Wars had largest box office receipts.
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Convert the receipts for each movie to real dollars for the year
2012 (CPI 229.6).
Which...
5. The receipts and release of the four movies with the largest nominal box office revenues,...
5. The receipts and release of the four movies with the largest nominal box office revenues, along with the CPI data of each year are presented below. Assuming that the receipts for each of the movies were derived during the year of release, convert the receipts for each to real dollars for the year 2003 (2003 CPI = 184.0). Which movie had the largest real box office receipts? Movie Year of Release Titanic Star Wars Star Wars: Phantom Menace E.T....
Using the Consumer Price Index (CPI) detailed in the table below, Year CPI CPI Year 2003...
Using the Consumer Price Index (CPI) detailed in the table below, Year CPI CPI Year 2003 1989 1990 1991 1992 1993 1994 1995 124.0 130.7 136.2 140.3 144.5 148.2 152.4 156.9 160.5 163.0 2004 2005 2006 2007 2008 2009 2010 184.0 188.9 195.3 201.6 207.3 215.3 214.5 218.1 224.9 229.6 233.0 236.7 237.0 240.0 1996 1997 1998 1999 2000 2011 2012 2013 2014 166.6 172.2 177.1 179.7 2001 2002 2015 2016 Instructions: Enter your responses rounded to one decimal place...
Based on the above table answer the following questions; What year is the base year? (15) ...
Based on the above table answer the following
questions;
What year is the base
year?
(15)
__________________________________________
In which year, did we experience deflation?
(15)
______________________________
What was the rate of inflation between 1970 and 1980?
(15) ________________________
If you earned $10,000 in 1990, how much would you have
had to earn in 2016 in order to maintain the same purchasing power?
(5) ___________________________________
Table 4.3 1970 - 2018 Consumer Price Index for All Urban Consumers Price Price Price Price...
II. Adjusting Data to Account for Inflation 2019 real value value at time t x (2019...
II. Adjusting Data to Account for Inflation 2019 real value value at time t x (2019 CPI CPI at time t) A. Given the data below, calculate the 2019 equivalent sales for each movie. Who is the real all-time worldwide box office champ? Year Movie Nominal Worldwide CP Ticket Revenue 2019 (2019-252) Equivalent les 7.02 M 4.3 M 1939 Gone with the Wind 1974 Godfather II 1997 Titanic 2009 Avatar 2015 Star Wars: The Force 390M $100M $2.2B $2.8B $2.1B...
which one is the all time box office movie on 2003 dollar? Reading: Ch 7 SSE104...
which one is the all time box office movie on 2003
dollar?
Reading: Ch 7 SSE104 In-class exercise- Applying inflation rate to daily life 1. Adjusting for inflation Movie Year Domestic BO (M) Gone with the Wind 1939 $198.7 Titanic 1997 $600.8 Sources: www.the-movie-times.com Suppose the CPI is 180 in year 2003, 160 in year 1997 and 40 in year 1939. Which one is the all-time box office movie in 2003 dollar)? Nominal income, price level and purchasing power Suppose...
5. The receipts and release of the four movies with the largest nominal box office revenues, along with the CPI data of each year are presented below. Assuming that the receipts for each of the movies were derived during the year of release, convert the receipts for each to real dollars for the year 2003 (2003 CPI = 184.0). Which movie had the largest real box office receipts? Movie Year of Release Titanic Star Wars Star Wars: Phantom Menace E.T....
Using the Consumer Price Index (CPI) detailed in the table below, Year CPI CPI Year 2003 1989 1990 1991 1992 1993 1994 1995 124.0 130.7 136.2 140.3 144.5 148.2 152.4 156.9 160.5 163.0 2004 2005 2006 2007 2008 2009 2010 184.0 188.9 195.3 201.6 207.3 215.3 214.5 218.1 224.9 229.6 233.0 236.7 237.0 240.0 1996 1997 1998 1999 2000 2011 2012 2013 2014 166.6 172.2 177.1 179.7 2001 2002 2015 2016 Instructions: Enter your responses rounded to one decimal place...
Based on the above table answer the following
questions;
What year is the base
year?
(15)
__________________________________________
In which year, did we experience deflation?
(15)
______________________________
What was the rate of inflation between 1970 and 1980?
(15) ________________________
If you earned $10,000 in 1990, how much would you have
had to earn in 2016 in order to maintain the same purchasing power?
(5) ___________________________________
Table 4.3 1970 - 2018 Consumer Price Index for All Urban Consumers Price Price Price Price...
II. Adjusting Data to Account for Inflation 2019 real value value at time t x (2019 CPI CPI at time t) A. Given the data below, calculate the 2019 equivalent sales for each movie. Who is the real all-time worldwide box office champ? Year Movie Nominal Worldwide CP Ticket Revenue 2019 (2019-252) Equivalent les 7.02 M 4.3 M 1939 Gone with the Wind 1974 Godfather II 1997 Titanic 2009 Avatar 2015 Star Wars: The Force 390M $100M $2.2B $2.8B $2.1B...
which one is the all time box office movie on 2003
dollar?
Reading: Ch 7 SSE104 In-class exercise- Applying inflation rate to daily life 1. Adjusting for inflation Movie Year Domestic BO (M) Gone with the Wind 1939 $198.7 Titanic 1997 $600.8 Sources: www.the-movie-times.com Suppose the CPI is 180 in year 2003, 160 in year 1997 and 40 in year 1939. Which one is the all-time box office movie in 2003 dollar)? Nominal income, price level and purchasing power Suppose...
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