Professional Documents
Culture Documents
Spring 2012
G. KNOWLES
CPI
207.342
215.303
214.537
218.056
224.939
% Price
Level
--------- %
%
%
%
%
4. Complete the following Table (Source: bls.gov) [Calculate in order (1), (2), then (3)]
2009
2010
139,877,000
139,064,000
9.3%
9.6%
65.4%
64.7%
Discouraged Workers
778,000
1,173,000
Explain how going from 2009 to 2010 the Employment situation was worse than indicated by the Unemployment Rate.
5. The Great Depression was the worst economic disaster in U.S. history in terms of declines in real GDP and
increases in unemployment rates. Complete the following Table from the Great Depression.
Year
Nominal GDP
(billions of dollars)
Real GDP
(billions of 2000 dollars)
1929
$103.6
10.6
$977
1933
$56.4
7.9
$714
Percentage Decline in
Real GDP
xxxxx
-27.0%
6. The following table shows the top 10 films of all time through 2008, measures by box office receipts
in the U.S. with some other notable films. Calculate the real receipts of these films and prepare a
new rank of the top films based on real receipts. Assume that all of the receipts were generated in the
year the film was released. (base year for CPI is 1982-84)
Rank
1
2
3
4
5
6
7
8
9
10
42
90
103
147
169
Film
Titanic
The Dark Knight
Star Wars
Shrek 2
E.T. the ExtraTerrestrial
Star Wars: Episode I
The Phantom Menace
Pirates of the Caribbean:
Dead Mans Chest
Spider-Man
Star Wars: Episode III
Revenge of the Sith
Lord of the Rings: The
Return of the King
Jaws
Gone with the Wind
Snow White and the
Seven Dwarfs
The Sound of Music
One Hundred and One
Dalmatians
Total box
office receipts
$600,779,824
533,316,061
460,935,655
436,471,036
Year
released
1997
2008
1977
2004
CPI
161
215
61
189
Real Receipts
373,155,170
248,053,981
755,632,221
230,937,056
434,949,459
1982
97
448,401,504
431,065,444
1999
167
258,123,020
423,032,628
403,706,375
2006
2002
202
180
209,422,093
224,281,319
380,262,555
2005
195
195,006,438
377,019,252
260,000,000
198,655,278
2003
1975
1939
184
54
14
204,901,767
481,481,481
1,418,966,271
184,925,485
163,214,286
1937
1965
14
32
1,320,896,321
510,044,643
153,000,000
1961
30
510,000,000
Rank Based on
Real Receipts
8
10
3
10
7
9
12
11
14
13
6
1
2
4
5