The 2008 box office receipts for the movie The Dark Knight were $997 million.By way of comparison,the 1975 receipts for Jaws were $470.6 million.If the Consumer Price Index was 53.8 in 1975 and 215.3 in 2008,which of the following is true?
A)The real receipts of The Dark Knight were almost four times greater than those for Jaws.
B)The real receipts of Jaws were about 88 percent greater than those for The Dark Knight.
C)The real receipts of The Dark Knight were more than three times those for Jaws.
D)The real receipts of Jaws were about 33 percent greater than those for The Dark Knight.

Question

Quizplus · Accepted Answer

To compare the real receipts, adjust for inflation using the Consumer Price Index (CPI). The real value of Jaws in 2008 dollars is $470.6 million * (215.3 / 53.8) = $1,882.8 million. The Dark Knight's real value is $997 million. Jaws' real receipts are about 88% greater than The Dark Knight's.

The 2008 Box Office Receipts for the Movie the Dark