The following table shows the top 10 films of all time through January 2021, measured by box office receipts in the United States, as well as several other notable films far The CPI in 2020 was 259. Use this information and the data in the table to calculate the box office receipts for each film in 2020 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 2020 dollars. (Some of the films, such as the first Star Wars film, Gone with the Wind, and Snow White and the Seven Dwarfs, were re-released several times, so their receipts were actually eamed during several different years, but we will ignore that complication.) Fill in the real value of box office receipts in the table below. (Enter your responses rounded to one decimal place.) Rank 1 2 3 4 5 6 7 8 9 10 18 19 23 117 214 244 397 Film Star Wars: Episode VII-The Force Awakens Avengers: End Game Avatar Black Panther Avengers: Infinity War Titanic Jurassic World The Avengers Star Wars: Episode VII-The Last Jedi Incredibles 2 Star Wars: Episode The Phantom Menace Star Wars: Episode IV-A New Hope ET: The Extra-Terrestrial Jaws Gone with the Wind Snow White and the Seven Dwarfs 101 Dalmatians Total Box Office Receipts (in millions) $936.7 858.4 760.5 700.4 678.8 659 4 652 3 623.4 620.2 608.6 474.5 461.0 435.1 260.8 200.9 184.9 144.9 Year Released 2015 2019 2009 2018 2018 1997 2015 2012 2017 2018 1999 1977 1982 1975 1939 1937 1961 CPI 237 256 215 251 251 161 237 230 245 251 167 61 97 54 14 14 30 Real Value of Box Office Receipts (in millions) 000000

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Transcribed Image Text:lwk I K The following table shows the top 10 films of all time through January 2021, measured by box office receipts in the United States, as well as several other notable films farther down the list. The CPI in 2020 was 259. Use this information and the data in the table to calculate the box office receipts for each film in 2020 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 2020 dollars. (Some of the films, such as the first Star Wars film, Gone with the Wind, and Snow White and the Seven Dwarfs, were re-released several times, so their receipts were actually eamed during several different years, but we will ignore that complication.) Fill in the real value of box office receipts in the table below. (Enter your responses rounded to one decimal place.) Rank 1 2 3 4 5 6 7 8 9 10 18 Part 1 of 2 19 23 117 214 244 397 Film Star Wars: Episode VII-The Force Awakens Avengers: End Game Avatar Black Panther Avengers: Infinity War Titanic Jurassic World The Avengers Star Wars: Episode VIII-The Last Jedi Incredibles 2 Star Wars: Episode The Phantom Menace Star Wars: Episode IV-A New Hope ET: The Extra-Terrestrial Jaws Gone with the Wind Snow White and the Seven Dwarfs 101 Dalmatians Total Box Office Receipts (in millions) $936.7 858.4 760.5 700.4 678.8 659.4 652 3 623.4 620.2 608.6 474.5 461.0 435.1 260.8 200.9 184.9 144.9 Year Released 2015 2019 2009 2018 2018 1997 2015 2012 2017 2018 1999 1977 1982 1975 1939 1937 1961 CPI 237 256 215 251 251 161 237 230 245 251 167 61 97 54 14 14 30 Real Value of Box Office Receipts (in millions) 00000000

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