The following table shows the top 10 films of all time through May 2017, measured by box
Question:
The following table shows the top 10 films of all time through May 2017, measured by box office receipts in the United States, as well as several other notable films farther down the list.
The CPI in 2017 was 245. Use this information and the data in the table to calculate the box office receipts for each film in 2017 dollars. Assume that each film generated all of its box office receipts during the year it was released. Use your results to prepare a new list of the top 10 films, based on their earnings in 2017 dollars. (Some of the films, such as the first Star Wars film, Gone with the Wind, and Snow White and the Seven Dwarfs, were rereleased to theaters several times, so their receipts were actually earned during several different years, but we will ignore that complication.)
Step by Step Answer:
Essentials Of Economics
ISBN: 9780134797731
6th Edition
Authors: R. Glenn Hubbard, Anthony Patrick O brien