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I got confuse with those questions, please help me with them. C in the last pic is the part of question 7 5. The receipts

I got confuse with those questions, please help me with them. C in the last pic is the part of question 7

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5. The receipts and year of release of the four movies with the larges 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 their 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? (5 Marks) Movies Box Office Receipts CPI in Year (Millions) Year released Released Titanic 600.8 1997 160.5 Star Wars 461.0 1977 60.6 Star Wars: The Phantom Menace 431.1 1999 166.6 E.T.: The Extra- terrestrial 399.9 1982 96.5 6. Suppose that the residents of Vegopia spend all of their income on cauliflower, broccoli, and carrots. In 2014 they buy 100 heads of cauliflower for $200, 50 bunches of broccoli for $75, and 500 carrots for $50. In 2015 they buy 75 heads of cauliflower for $225, 80 bunches of broccoli for $120, and 500 carrots for $100. If the base year is 2014, what is the CPI in both years? What is the inflation rate in 2015? (5 Marks)7. Below are some data from the land of milk and honey. Quantity of Quantity of Price of Milk Price of Honey Year Milk (litres) Honey (litres) 2013 $1 100 $2 50 2014 1 200 2 100 2015 2 200 4 100 a) Compute nominal GDP, real GDP, and the GDP deator for each year, using 2013 as the base year. (9 Marks) b) Compute the percentage change in nominal GDP, real GDP, and the GDP deator in 2014 and 2015 from the preceding year. For each year, identify the variable that does not change. Explain in words why your answer makes sense. (6 Marks) \f

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