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suter [353]
3 years ago
7

The 2012 box office receipts for the movie The Avengers were $1,515.8 million. By way of comparison, the 1977 receipts for Star

Wars were $798.0 million. If the Consumer Price Index was 60.6 in 1977 and 229.6 in 2012, which of the following is true?
a. The real receipts of The Avengers were almost four times greater than those for Star Wars.
b. The real receipts of Star Wars were nearly two times greater than those for The Avengers.
c. The real receipts of The Avengers were one-third of those for Star Wars.
d. The real receipts of Star Wars were about 33 percent greater than those for The Avengers.
Business
1 answer:
nalin [4]3 years ago
7 0

Answer: b. The real receipts of Star Wars were nearly two times greater than those for The Avengers.

Explanation:

Real reciept = (Dollar amount) ×( Ending-period CPI) ÷ (Beginning-period CPI)

Here, Receipt for Avengers in 2012 = $1,515.8 million

Receipt for Star wars in 1977 = $798.0 million

CPI in 2012 = 229.6

CPI in 1977 = 606

Now, Real receipt of Star wars in 2012 = $((798.0) × (229.6) ÷ 60.6)

=$ 3023.45 ≈ Twice  of receipt for Avengers in 2012.

<em>[Twice of receipt for Avengers in 2012 = $3031.6]</em>

<em />

Hence, the correct statement is b."The real receipts of Star Wars were nearly two times greater than those for The Avengers."

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On January 8, an applicant filled out an application for a life insurance policy but did not include the initial premium. The in
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Answer: January 26

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3 years ago
Walter builds birdhouses. He spends $5 on the materials for each birdhouse. He can build one in 30 minutes. He is semi-retired b
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Answer:

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3 0
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A credit card company advertises an APR of 15.3%, compounded daily. What
Art [367]

Answer:

B. 16.53%

Explanation:

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7 0
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"GDP per capita" means that the GDP is calculated per
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When GDP is said to be per capita, it means that GDP is being calculated <u>per person. </u>

<h3>What is GDP per capita?</h3>

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Find out more on GDP per capita at brainly.com/question/18414212.

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2 years ago
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