The Textbook Shows That the Inflation-Adjusted Movie Receipts for Star

question 50

Multiple Choice

The textbook shows that the inflation-adjusted movie receipts for Star Wars (released 1977) were $1,410,707,000 and the original receipts were $460,998,000.The implication is that:

• A) prices in the current year are about the same as they were in 1977.
• B) hyperinflation has occurred since 1977.
• C) prices today are about 33% of what they were in 1977.
• D) prices today are about three times what they were in 1977.
• E) Star Wars was a bad movie at the time of its release but has become more popular over time.

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