The receipts and year of release of the five movies with the largest nominal box office revenues, along with the CPI data of each year are presented below. Assuming that the receipts for each of the movies were derived during their year of release, convert the receipts for each to real dollars for the year 2010 (2010 CPI 218.1).Put the movies in order from largest to smallest real box office receipts and show your calculations for full credit.
|
Movies
|
Nominal
Box Office Receipts (millions)
|
Year Released
|
CPI in Year Released.
|
|
Avatar
|
$760.50
|
2009
|
214.5
|
|
Titanic
|
600.8
|
1997
|
160.5
|
|
Star Wars
|
461
|
1977
|
60.5
|
|
Shrek 2
|
437.2
|
2004
|
188.9
|
|
E.T. The Extra-Terrestrial
|
399.9
|
1982
|
96.5
|