EconEdLink - Free economics and personal finance resources ...



Process Questions for Avatar Lesson (Worksheet or Open-Ended)- [All data is based on statistics taken on March 15, 2011, data is subject to change. Teachers are encouraged to re-check answers]

1. Gone With the Wind is #1 in Domestic Grosses (Adjusted for Ticket Price Inflation) all-time, but where does it fall on the Unadjusted list? [110th]

2. What is the difference between Gone with the Wind’s Unadjusted and Adjusted Domestic Grosses?[1,588,070,800-198,676,459=1,389,394,341]

3. Avatar is #1 all-time for Unadjusted Domestic Grosses, where does it fall on the Adjusted list? [14th]

4. What is the difference between Avatar’s Unadjusted and Adjusted Domestic Grosses? [$779,014,700-$760,507,625= $18,507,075]

5. How many of the Top 100 Domestic Grosses (Adjusted for Ticket Price Inflation) movies were produced after 2000? [19]

6. How many of the Top 100 Domestic Grosses (Unajusted for Ticket Price Inflation) movies were produced after 2000? [72]

7. What might be a demand-pull inflation for the having such a large number of films in the Top 100 all time list having been produced since 2000? [Answer will vary response should be similar to: New technologies such as digital 3-D and computer animated family pictures have changed consumer's subjective evaluations about the value of seeing a movie upward causing a rise in the price level of seeing a movie. OR A substantial rise in people's nominal incomes has driven a rise in nominal ticket prices, however when the new prices are adjusted for inflation it turns out that the number of tickets sold has not risen substantially just ticket prices have increased.]

8. Star Wars, E.T. and Titanic are only three movies that appear in the Top 10 on both lists, what is a possible explanation for this? [Response should be similar or close to: These three movies are in both categories because they sold enough tickets at a high enough unadjusted ticket price to keep them in both top 10 lists. However, as ticket prices continue to rise one should expect that these films will gradually fall out of the all time unadjusted Top 10 just as Gone With the Wind and other older films with higher ticket sales have done. ]

................
................

In order to avoid copyright disputes, this page is only a partial summary.

Google Online Preview   Download