In 1970 a movie ticket cost US$2.00. Today, a movie tickets costs NZ$15.00 You also have the following data SUS/$NZ CPI 1970 2022 1.10 65 0.60 1122 How much is a 1970 movie ticket in 2022 prices (in $NZ)? (Enter your answer using 2 decimal places as dollar values normally would be. Enter the numerical value only - do not include the "$" symbol).
In 1970 a movie ticket cost US$2.00. Today, a movie tickets costs NZ$15.00 You also have the following data SUS/$NZ CPI 1970 2022 1.10 65 0.60 1122 How much is a 1970 movie ticket in 2022 prices (in $NZ)? (Enter your answer using 2 decimal places as dollar values normally would be. Enter the numerical value only - do not include the "$" symbol).
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
In 1970 a movie ticket cost US$2.00. Today, a movie tickets costs NZ$15.00
You also have the following data
SUS/$NZ
CPI
1970
2022
1.10
65
0.60
1122
How much is a 1970 movie ticket in 2022 prices (in $NZ)? (Enter your answer using 2 decimal places as dollar values normally would be. Enter the numerical value only - do not include the "$" symbol).
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