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Question: ii adjusting data to account for inflation 2019 real value...

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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 14 49 160 215 237 2.23 8 Awakens (Consumer Price Index for All Urban Consumers: All Items (CPIAUCNS series) for July (http /fresearsh.stlouisfed org/fred2D and worldwide ticket revenue (www. imdb.com)) B. Given the data below, calculate the 2019 equivalent price per U.S. gallon of gasoline. Why hasnt U.S. consumers demanded alternative forms automobile/engine technology that furthers mileage efficiency? 17 24 39 Nominal Gas Price CPI (2019 252) 2019 Equivalent Price Year 1930 1950 1970 1990 2000 2010 2015 2019 $0.27 S0.35 S1.13 $1.66 $3.25 $2.00 $1.93 130 173 195 238 252 C. Calculate the inflation rate, nominal and real GDP growth. Year CPI Inflation Rate Nomima Nominal Real GDP GDP Growth Growth GDP $15.1TN.A. $15.6T S16.2T $16.7T $17.5T $18.1T Ν.Α 2010 217 2011 225 2012 228 2013 232 2014 238 2015 238 (3Q Gross Domestic Product (GDPA series) at
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