We appreciate your visit to The movie Return of the Jedi earned 64 million in 1983 when it was released The CPI in 1983 was 97 8 and the CPI. This page offers clear insights and highlights the essential aspects of the topic. Our goal is to provide a helpful and engaging learning experience. Explore the content and find the answers you need!
Answer :
Final answer:
The movie "Return of the Jedi" would have earned approximately $147.6 million in 2012 dollars after adjusting for inflation using the CPI.
Explanation:
The movie "Return of the Jedi" earnings can be adjusted for inflation by using the Consumer Price Index (CPI). The CPI for 1983, when the movie was released, was 97.8 and the CPI for 2012 was 226.665. By using the formula to adjust for inflation: (Amount in 2012 dollars) = (Amount in 1983 dollars) * (CPI in 2012 / CPI in 1983) we can calculate the earnings of the film in 2012 dollars.
First plug the known values into the formula: (Amount in 2012 dollars) = ($64 million) * (226.665 / 97.8). After performing this calculation, we find that the movie would have earned approximately $147.6 million in 2012 dollars.
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