In 1976, the Cost of a Movie Was $4

question 9

Multiple Choice

In 1976, the cost of a movie was $4. In 2012, it's $9. If the CPI for 1976 is 56, and 228 for 2012, then we could say the cost of a 1976 movie in 2012 would be:

• A) $16.29, so the cost of movies has not increased as much as general inflation.
• B) $16.29, so the cost of movies is relatively more in 2012 than it was in 1976.
• C) $2.21, so the cost of movies has not increased as much as general inflation.
• D) $2.21, so the cost of movies is relatively more in 2012 than it was in 1976.

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Definitions:

Open-Ended Questions

Questions formulated to allow for expansive, detailed answers, encouraging respondents to elaborate on their thoughts and feelings.

Dissensus

A situation or condition of disagreement or conflict among a group of people, contrary to consensus.

Consensus

General agreement among the members of a group or community, often used as a decision-making process.

Group Think

A psychological phenomenon in which the desire for harmony and conformity in a group results in irrational or dysfunctional decision-making outcomes.